RBI signs Bilateral Swap Agreement with Maldives Monetary Authority

The agreement will provide swap support as a backstop line of funding for short-term foreign exchange liquidity requirements.

Moneycontrol News

December 08, 2022 / 16:28 IST

The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework.

This is to provide swap support as a backstop line of funding for short-term foreign exchange liquidity requirements. This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from the RBI.

Moneycontrol News

first published: Dec 8, 2022 04:28 pm

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