RBI provides USD 400 million to Sri Lanka's central bank under swap deal



Reserve Bank of India (RBI) has agreed to provide $400 million to the Central Bank of Sri Lanka (CBSL) under the SAARC swap facility, to boost the island nation’s reserves. CBSL has requested a further bilateral swap arrangement of $1 billion from RBI which is "under consideration". ♦ SAARC Full form - South Asian Association for Regional Cooperation. ​​​​​​​♦ Sri Lanka Central Bank governor - Indrajit Coomaraswamy ♦ Sri Lanka Finance Minister - Mangala Samaraweera

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