Sri Lanka, Oct. 17 -- In a significant signal of deepening economic ties, India is actively considering pathways to enable Sri Lankan entities, including the government and commercial businesses, to issue bonds denominated in Indian Rupees (INR), according to remarks by the Indian Deputy High Commissioner to Sri Lanka Dr. Satyanjal Pandey.
Speaking as the Guest of Honour at the 'Bridging Borders II' financial dialogue in Colombo on October 15, Dr. Pandey described the initiative as a "long-term vision" that reflects the "deepening trust" between the two markets.
The dialogue, organised by the Indo-Sri Lanka Chamber of Commerce & Industry (ISCCI), focused on creating a roadmap for Sri Lanka to issue bonds in Indian currency, a move that ...
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