The Reserve Bank of India has today released the 44th half-yearly report on management of foreign exchange reserves with reference to end-March 2025. The position of foreign exchange reserves as on April 25, 2025 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv)* 688.13

The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies, viz., the Indian Rupee (INR) and the Mauritian Rupee (MUR) for cross-border transactions.

Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2025).  

     The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the second Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars.

The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) today in Mumbai for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Maldives Monetary Authority, Mr. Ahmed Munawar.

The Reserve Bank of India has today released the 43rd half-yearly report on management of foreign exchange reserves with reference to end-September 2024. The position of foreign exchange reserves as on October 18, 2024 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv)* 688.27 i. Foreign Currency Assets (FCA) 598.24 ii. Gold 67.44 iii. Special Drawing Rights (SDRs) 18.27 iv. Reserve Tranche Position (RTP) 4.32

The Reserve Bank of India (RBI) has entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27, on October 07, 2024, in New Delhi. Under the agreement, the MMA is eligible for financing support from the RBI amounting to USD 400 million under the US Dollar/ Euro Swap Window and INR 30 billion under the INR Swap Window. The agreement would be valid till June 18, 2027.