Which of the following statements are correct regarding the RBI's revised framework for currency swap arrangements for SAARC countries?

  1. The revised framework is applicable for the period from 2024 to 2027 and includes a separate INR Swap Window with a corpus of Rs 250 billion.
  2. The RBI will offer currency swap arrangements in US Dollar and Euro with a total corpus of $5 billion under the US Dollar/Euro Swap Window.
  3. The SAARC Currency Swap facility first came into operation on November 15, 2012, to provide short-term foreign exchange liquidity support to SAARC countries.

1
Only 1 and 2 are correct
2
Only 1 and 3 are correct
3
Only 2 and 3 are correct
4
All are correct
5
None are correct

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