December 2016 Current Affairs

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RBI, Sri Lanka Central Bank Sign Currency Swap Pact

RBI, Sri Lanka Central Bank Sign Currency Swap Pact
02 April 2016 Current Affairs: The Reserve Bank of India said on March 29,2016,it would allow its Sri Lankan counterpart to draw up to $700 million over a maximum period of three months under a new special currency swap agreement signed by the two central banks. The Reserve Bank of India ( RBI) has previously provided currency swaps to the Central Bank of Sri Lanka, including plans to extend a $1.5 billion agreement by one year. Sri Lanka is seeking a loan of $1.5 billion from the International Monetary Fund ( IMF) to boost foreign exchange reserves and help avert a balance of payments crisis.The country has seen its foreign exchange reserves depleted by the central bank's defence of its rupee currency, as it struggles with heavy debt piled up under the previous government. 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
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