TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    No Dedicated NIA Judge for Kanhaiya Lal Trial Sparks Outrage

    Kanhaiya Lal Murder Trial in Deep Freeze? No Dedicated NIA Judge, Only 6 Witnesses Heard in 3 Years

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    No Dedicated NIA Judge for Kanhaiya Lal Trial Sparks Outrage

    Kanhaiya Lal Murder Trial in Deep Freeze? No Dedicated NIA Judge, Only 6 Witnesses Heard in 3 Years

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

PM Modi’s masterstroke in Japan, signs ‘currency swap’ agreement

Amit Agrahari by Amit Agrahari
30 October 2018
in Economy
currency swap, modi

PC: newindianexpress.com

Share on FacebookShare on X

In a step which can be called masterstroke, Modi government has signed USD 75 billion currency swap agreement with Japan. PM Modi visited Japan where he met his Japanese counterpart Shinzo Abe and signed almost five deals, including agreements like the initiation of 2+2 talks and currency swap. Japan in past has also offered currency swap worth USD 3 billion in 2008 and it extended the swap limit to USD 35 billion in 2011 to USD 50 billion in 2013. The agreement will make the agreed amount at disposal whenever need arises for the country. “India and Japan agreed to enter into a bilateral swap arrangement of USD 75 billion. This swap arrangement would be 50% higher than our last swap agreement,” finance minister Arun Jaitley tweeted.

India and Japan agreed to enter into a bilateral swap arrangement of 75 billion dollars. This Swap arrangement would be 50% higher than our last Swap agreement. This bilateral swap reflects depth of our deeper economic relationship.

— Arun Jaitley (@arunjaitley) October 29, 2018

RelatedPosts

From Business to Zen: The Rising Sun Conclave 2 Forge Deeper India Japan ties

Rising Sun Conclave 2025: Celebrating India-Japan Synergy and Shared Success

China Completed the Construction near the Line of Actual Control (LAC) in Ladakh: Matter of Concern!

Load More

‘Currency swap’ is an agreement in which a country agrees to exchange its national currency from another or even the third and hence by this agreement between India and Japan, India will be able to acquire Yen (official currency of Japan) or dollar worth USD 75 billion in exchange for Indian Rupees. There are other countries like China, South Korea which also have currency swap agreement with other countries. China has swap agreements with Argentina, Brazil, Hong Kong, Indonesia, Malaysia, Russia, Singapore, South Korea, United Kingdom and many other countries.

India’s swap currency agreement worth USD 75 billion will address the rise in Current Account Deficit (CAD) and fall in Rupee’s value. It seeks to boost the stand of Rupee in the global market and will be positive as far as overall foreign investor sentiment in Indian stock market is concerned. This agreement is among the largest currency swap agreements in the world.

“Bilateral swap arrangement with Japan for USD 75 billion is one of the largest swap arrangements in the world. Accepting Japanese request, India agreed to do away with requirement of mandatory hedging for infrastructure ECBs of 5 years or more minimum average maturity,” economic affairs secretary Subhash Chandra Garg tweeted.

Bilateral Swap arrangement with Japan for USD 75 billion is one of the largest Swap arrangement in the World. Accepting Japanese request, India agreed to do away with requirement of mandatory hedging for infrastructure ECBs of 5 years or more minimum average maturity.

— Subhash Chandra Garg (@Subhashgarg1960) October 29, 2018

India is facing a little macroeconomic instability due to the woes of developing markets and rise in the crude prices. The price of crude has almost doubled in last one year and this pushed Current Account Deficit (CAD) of India to a high level. The rupee is falling along with currencies of other developing countries of Asia. The currency swap agreement is masterstroke of Modi government as it seeks to bring back the macroeconomic stability. The relation between India and Japan are strongest ever under Modi government and it being well reciprocated by Japanese PM Shinzo Abe’s liking for India. PM Modi has been the prime mover of relations between the two countries. “We have agreed for a 2+2 dialogue between our Foreign Ministers & Defense Ministers. The aim of this is to further work towards world peace & stability”, said PM Modi during the joint press conference in Japan. 

India and Japan have started their cooperation on economic and security front due to their mutual necessities. China appears a common adversary to both the countries which brings India and Japan closer. Both countries are trying to counter expansive policies of China of seeking to dominate the South China Sea and the Asian continent in the larger context. Chinese President Xi Jinping pushed his agenda to make China the  Asian hegemon through One Belt, One Road (OBOR) initiative. Other countries in Asia-Pacific region have obvious problems with this. Therefore, India in partnership with powerful Asia-Pacific countries like Japan, Australia and USA is making efforts to counter the Chinese designs.

Tags: currency swapIndia-ChinaIndia-JapanNarendra Modi and Shinzo AbePM Modi in Japan
Share2089TweetSend
Previous Post

How Nehru ignored Homi Bhabha and delayed India’s nuclear bomb?

Next Post

Liberal media accuses BJP of the non-existent Mudra scam

Related Posts

WiseProfitWay.com reviews – Trading Times
Finance

WiseProfitWay.com reviews – Trading Times

11 July 2025

If you’ve ever searched for a forex broker, you know how overwhelming it can be. So many names, bold...

TheGenInfinity.com reviews – Account Types
Finance

TheGenInfinity.com reviews – Account Types

11 July 2025

Let’s be honest — the forex world is packed with promises. Every broker claims to be “the one,” but...

TheExcellFuture.com reviews — Account Types
Finance

TheExcellFuture.com reviews — Account Types

11 July 2025

Let’s be honest — in the world of forex, trust is everything. You’re not just clicking buttons on a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

How UPI went global? Why Namibia Adopted It?

How UPI went global? Why Namibia Adopted It?

00:07:20

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

00:08:06

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

00:03:31

Delhi’s Trump Card: Kejriwal Wants a Nobel for Surviving Politics

00:05:03

Team B of DMK? The Truth About Actor Vijay’s Party

00:07:45
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited