RBI forms Currency Swap Agreement with Sri Lanka

Q.  With which country's central bank, Reserve Bank of India on 13th Mar - 15 had a $1.5Billion Currency Swap Agreement?
- Published on 28 Mar 15

a. Maldives
b. Mauritius
c. Seychelles
d. Sri Lanka

ANSWER: Sri Lanka
 
The Reserve Bank of India has entered a $1.5 billion currency swap agreement with the central bank of Sri Lanka. It will help keep the Sri Lankan rupee stable. Sri Lanka rupee has been under pressure since early January and fallen around 1.5 percent so far this year despite the central bank defended it with selling dollars.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲