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

1. 

Reserve Bank of India (RBI) has agreed to a USD 400 million currency swap facility for which country?
[A]. UAE
[B]. Sri Lanka
[C]. Japan
[D]. USA

Answer: Option B

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.

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