RBI and Bank of Japan Renew $75 Billion Bilateral Swap Arrangement
This facility allows for the exchange of local currencies for US dollars up to a maximum limit of $75 billion, acting as a safety net during liquidity crises.
The renewed agreement came into force on February 28, 2026, aimed at maintaining financial stability and addressing short-term balance of payment needs.
Such arrangements are critical for strengthening economic resilience and stabilizing the foreign exchange market during global volatility.
Key Facts / Static GK
RBI Governor (as per 2026 context): Sanjay Malhotra (26th)
RBI HQ: Mumbai
Practice Quiz — 3 March 2026
Q1. Which former tennis star has been appointed as the brand ambassador for the suncare category of 'The Derma Co'?
Q2. Consider the following statements regarding the 11th Raisina Dialogue 2026: 1. It is hosted in Mumbai. 2. The theme is 'Samskāra: Assertion, Accommodation, Advancement'. 3. The President of Finland is the Chief Guest. Which of the above is/are correct?
Q3. Which agricultural product from Assam, recently exported to London for the first time, holds a Geographical Indication (GI) tag?
Q4. In which location has Tamil Nadu inaugurated its first-ever Dark Sky Park?
Q5. Which agency has partnered with NITI Aayog for Phase-II of the 'Japan-India Cooperative Actions Towards SDGs' project?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.