RBI and Bank of Japan Renew $75 Billion Bilateral Swap Arrangement
This facility allows both nations to exchange their local currencies for US Dollars during periods of extreme financial stress to maintain liquidity.
The 2026 renewal represents the third amendment to the original agreement signed between India and Japan in October 2018.
Under the arrangement, the Bank of Japan acts as the agent for Japan’s Ministry of Finance, while the RBI manages the Indian side.
Impact: This renewal strengthens the financial safety net between the two major Asian economies and promotes stability in the regional currency markets.
Key Facts / Static GK
Bank of Japan HQ: Tokyo
Currency of Japan: Yen
Q Practice Quiz — 7 March 2026
1. Which index will serve as the base for the new derivatives approved by SEBI for the Bombay Stock Exchange in March 2026?
Explanation: SEBI has approved BSE to launch derivative contracts specifically on the Sensex Next 30 index, which tracks the next 30 largest and most liquid companies in the BSE 100 that are not in the Sensex 30.
2. Who has been appointed as the Brand Ambassador for SBI General Insurance's 'Chuniye Bharosa, Apno Sa' campaign?
Explanation: As part of the 'Chuniye Bharosa, Apno Sa' campaign, SBI General Insurance appointed actor Pankaj Tripathi as its Brand Ambassador to strengthen brand recall and trust.
3. Regarding the 'YES Essence Women’s Salary Account', which of the following statements is/are correct? I. It offers a ₹5 lakh top-up health cover. II. It provides 5% cashback on the Elegance Debit Card up to ₹10,000 annually. III. The minimum age for eligibility is 18 years.
Explanation: Statements I and III are correct. Statement II is incorrect because the cashback limit is ₹6,000 annually, not ₹10,000.
4. From which date has IRDAI proposed the mandatory adoption of Indian Accounting Standards (Ind AS) for all insurers?
Explanation: IRDAI has proposed that all categories of insurers in India adopt Indian Accounting Standards (Ind AS) effective from April 1, 2026.
5. What regulatory change by SEBI in December 2025 facilitated EPFO's investment in the Raajmarg Infra InvIT (RIIT) IPO?
Explanation: In December 2025, SEBI expanded the definition of 'strategic investors' to include Pension funds and Provident funds, which enabled EPFO to participate as a strategic investor in the RIIT issue.
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