The Central Bank of Sri Lanka has inked a deal with the Reserve Bank of India for a swap line worth $400 million.
The deal will help to “boost investor confidence” in Sri Lanka, the CBSL said in a statement, while helping maintain sufficient reserves to cover outflows due to imports, debt repayments and currency interventions where required.
The CBSL’s official reserves were worth around $7 billion on November 30, according to the latest data published by the central bank. The figure has
