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