Prime Minister Narendra Modi with Sri Lankan President Gotabaya Rajapaksa ahead of their bilateral meeting at Hyderabad House in New Delhi, on November 29, 2019. | File

Prime Minister Narendra Modi with Sri Lankan President Gotabaya Rajapaksa ahead of their bilateral meeting at Hyderabad House in New Delhi, on November 29, 2019.|Submit.|Picture Credit:
V.V. Krishnan.

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Ready to help under terms that are favourable to Sri Lanka: Indian PM.

Sri Lankan President Gotabaya Rajapaksa on Saturday looked for a “special” $1.1-billion currency swap facility from Prime Minister Narendra Modi to improve its foreign exchange reserves under strain in the wake of the coronavirus pandemic Mr. Rajapaksa told Prime Minister Narendra Modi over telephone that the additional amount “to top” the $400 million “would immensely assist Sri Lanka in dealing with our foreign exchange issues,” according to a declaration provided by the President’s office here.

Mr. Modi assured that he is personally devoted to assist Sri Lanka, the President’s workplace stated.