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Discussion :: International - Latest Current Affairs (Q.No.764)

764. 

For which country, Reserve Bank of India (RBI) has agreed to provide $400 million under swap deal?

[A]. Bangladesh
[B]. Myanmar
[C]. Sri Lanka
[D]. Swedan

Answer: Option C

Explanation:

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".

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