Indian Prime Minister Narendra Modi, left, and his Japanese counterpart Shinzo Abe during a joint news conference at Abe’s official residence in Tokyo Monday. Photo: AP

New Delhi: India and Japan have signed a $75 billion bilateral currency swap agreement on Monday during Prime Minister Narendra Modi’s visit to Tokyo, India said in a statement.

The agreement should help bring greater stability to foreign exchange and capital markets in India, the statement added.

This story has been published from a wire agency feed without modifications to the text.