Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 4154)

2020-07-27 International

4154.

Reserve Bank of India (RBI) has agreed to a USD 400 million currency swap facility for which country?

UAE

Sri Lanka

Japan

USA

Answer: Option

Explanation:

Reserve Bank of India (RBI) has agreed to a USD 400 million currency swap facility for Sri Lanka, valid till November 2022. This will help Sri Lanka to meet its short-term international liquidity requirements and to boost its foreign exchange reserves following the economic crisis resulting from COVID-19.