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Readings: Rupee-Yen currency swap, MF portfolios, Asia bulls

Posted on June 29, 2008

Economic Times: India, Japan to sign currency swap deal today The swap arrangement will enable both the countries to swap yen and rupees against US dollar up to $3 billion. That means, Japan will accept rupees and give US dollars to India if the need arises and India too will accept yen against dollars. However, drawing beyond 20% of the stipulated amount ($3 billion) would require India to have an IMF (International Monetary Fund)-support programme.. . . up to 20% of the maximum amount of drawing could be disbursed even without having an IMF-support programme.Hindu: What has changed with MF ...

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