Sri Lanka, India central banks agree can buy up to $500 million of each other's govt debt
The central banks of India and Sri Lanka signed a bilateral agreement allowing them to buy up to the equivalent of $500 million in each other's government debt to diversify their currency reserves, the Sri Lanka central bank said in a statement on Thursday. "The central bank of Sri Lanka could now access one of the growing securities markets in the world, realising a considerably higher return ...