Central Bank of Sri Lanka and the Reserve Bank of India has inked a deal to buy up to 500 million dollars worth of securities in each other's governments, in a bid to diversify reserve assets. "As a result, the CBSL could now access one of the growing securities markets in the world, realising a considerably higher return for the funds invested," Sri Lanka's monetary authority said in a statement. "At the same time, the RBI investments in the Sri Lankan government securities market would lead to greater stability in the Sri Lankan government bond market."................
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