Reserve Bank of India (RBI) and Bank of Japan (BoJ) Renew $75 Billion Bilateral Swap Arrangement (BSA)

Exam-focused facts from the 5 March 2026 current affairs briefing.

Key facts

The RBI and the BoJ renewed the BSA with effect from 28 February 2026.
The size of the facility remains unchanged at up to $75 billion.
The BoJ acted as the agent for Japan’s Ministry of Finance to sign the third amendment and restatement agreement of the BSA.
The arrangement is a two-way currency swap framework allowing both authorities to exchange local currencies for the US dollar.
The pact aims to strengthen financial safety nets and contribute to regional and global financial stability.