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RBI-Sri Lanka Central Bank Investment Pact
Jul 29, 2014

The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) signed an agreement, enabling the RBI to access the Sri Lankan government securities market, up to a maximum value of $500 million. The CBSL, in turn, will be able to further diversify its reserves management activities into Indian rupee denominated assets.

The agreement was signed between RBI Governor Raghuram Rajan and Central Bank of Sri Lanka Governor Ajith Nivard Cabraal on the sidelines of the SAARCFINANCE Governors’ Symposium before Central Bank Economists’ meeting on the theme Reaping mutual benefits through intra-regional investments of reserves. 


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