MUMBAI, Dec 4 (Reuters) - The Reserve Bank of India signed a
currency swap agreement with Bank of Japan to swap their local
currencies against the U.S. dollar for up to $15 billion, a
statement said on Tuesday.
"The arrangement aims at addressing short-term liquidity
difficulties and supplementing the existing international
financial arrangements," the RBI said.
The bilateral swap arrangement is for a period of three
years. The two countries had earlier signed a similar pact for
up to $3 billion from June 2008 to June 2011.
(Reporting by Neha Dasgupta; Editing by Anupama Dwivedi)