RBI Revises SAARC Currency Swap Framework for 2024-2027

The Reserve Bank of India (RBI) has revised the SAARC Currency Swap Framework for 2024-2027 to enhance financial cooperation and stability among SAARC member countries. The new framework includes an Indian Rupee (INR) Swap Window with a total of ₹250 billion and maintains a separate swap option for US Dollars and Euros with ld-alert billion in assets. This initiative aims to provide a safety net for countries facing short-term foreign exchange and liquidity issues. To access the facility, SAARC countries must establish bilateral swap agreements with the RBI, ensuring alignment with both national and regional economic goals.