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Sri Lanka is expected to sign a bilateral currency swap agreement of how much with the Reserve Bank of India to boost its foreign reserves?
A)
USD 200 million
B)
USD 300 million
C)
USD 400 million
D)
USD 500 million

Correct Answer :   USD 400 million


Sri Lanka is expected to sign a bilateral currency swap agreement worth USD 400 million with the Reserve Bank of India to boost its foreign reserves. The agreement is expected to ensure the financial stability of the country, which is reeling under the impact of COVID-19 pandemic.

Published On : July 17, 2021
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