3. Consider the following statements regarding the SAARC Currency Swap Facility:
- It was first operationalized in November 2012 to provide a backstop line of funding for short-term foreign exchange liquidity requirements or balance of payments crises faced by SAARC countries.
- The revised framework for 2024-2027 introduces a new INR Swap Window with a corpus of ₹250 billion to provide swap support in Indian Rupees.
- The RBI will continue to offer swap arrangements in US Dollars and Euros through a separate US Dollar/Euro Swap Window with an overall corpus of $3 billion.
Which of the statements given above is/are correct?