<h1>India Approves $1.1 Billion Currency Swap with Sri Lanka for Economic Support Beyond SAARC Framework.</h1> The Indian government approved a proposal for the Reserve Bank of India to enter into a currency swap agreement with Sri Lanka's central bank, providing US$1.1 billion as a special swap outside the existing SAARC Currency Swap Framework. While US$400 million will be offered under the existing framework, the additional US$1.1 billion will be provided as an ad-hoc facility for six months. This arrangement aims to offer Sri Lanka a financial safety net against currency volatility and boost short-term liquidity, aiding its economic recovery and strengthening bilateral economic ties between India and Sri Lanka.