13224
Currency Swap Facility
World Economy

Currency Swap Facility

The Reserve Bank of India has entered into currency swap agreement with Sri Lankan central bank for $1.5b, a measure that will help keep the Sri Lankan rupee stable, even as the two countries signed a host of other agreements to boost bilateral cooperation, PTI reported. Visiting Prime Minister Narendra Modi announced the currency swap agreement after meeting Sri Lankan President Maithripala Sirisena.

 

Short URL : http://goo.gl/xGv45H

You can also read ...

Romania Economy and Formula 1
According to National Bank of Romania advisor Lucian Croitoru...
Gazans on Edge of Economic Collapse
Across the 140-square-mile territory, Gazans are struggling to...
Philippines, New Zealand and Singapore have achieved greater gender equality in the workplace.
Hiring more women could supercharge Asia’s economies. A report...
Most vulnerable countries include Turkey (high current-account deficit) and nations such as Saudi Arabia that are pegged to the dollar.
Two months ago, when the US benchmark 10-year treasury yield...
French PMI Weakens
French industrial morale weakened slightly in April compared...
Global Cybercrime Generating $1.5t in Illicit Profits
New criminality platforms and a booming cybercrime economy...
The government is working on the culture of workaholism and is considering legislation that would cap the total amount  of overtime a worker could do at 100 hours a month.
All is not well in the Land of the Rising Sun. Japan, a...
EC Investigates Apple-Shazam Deal
Apple’s $400 million acquisition of music identification...

Trending

Googleplus