![RBI extended an amount of $400 Million Currency Swap Facility to Sri Lanka Reserve Bank Of India (RBI)](https://focusmerit.com/wp-content/uploads/2020/02/RBI-300x169.jpeg)
- The Reserve Bank of India has signed and gave the confirmation for extending a USD 400 million currency swap facility to Sri Lanka to boost the island nation’s draining foreign exchange reserves due to the coronavirus pandemic.
- The currency swap arrangement will remain available until November 2022.