Apr 23 (PTI) Cabinet today gave ex-post-facto approval to RBI's agreement with the Central Bank of Sri Lanka for extending USD 1.1 billion as a special/ad-hoc CURRENCY swap, which will help the island nation to deal with currency volatility and promote trade. This agreement will be outside the Framework on Currency Swap Arrangement for SAARC Member Countries, said an official statement after the meeting of the Cabinet chaired by Prime Minister Narendra Modi
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Apr 23 (PTI) Cabinet today gave ex-post-facto approval to RBI's agreement with the Central Bank of Sri Lanka for extending USD 1.1 billion as a special/ad-hoc CURRENCY swap, which will help the island nation to deal with currency volatility and promote trade. This agreement will be outside the Framework on Currency Swap Arrangement for SAARC Member Countries, said an official statement after the meeting of the Cabinet chaired by Prime Minister Narendra Modi
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