Tag Archives: Bank of India

RBI Signs US $400 Million Currency Swap Agreement With Central Bank of Sri Lanka 

The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Central Bank of Sri Lanka under the SAARC Currency Swap Framework 2019-22. Under the agreement, Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent. The agreement would be valid till […]

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RBI Says Overall Financial Resource Balance Of Economy Moderated During 2018-19 

The Reserve Bank of India released the July 2020 issue of its monthly Bulletin. The bank noted that the overall financial resource balance of the economy moderated during 2018-19 primarily due to increase in net borrowing of non-financial corporations and moderation in household savings. As per the preliminary estimates, the marginal surplus in the overall f […]

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