India rupee trade expansion discussed as a way for economic revival in SL

• Mr. Moragoda met Mr. Das on March 29 at the Bank’s Headquarters in Mumbai

Governor of the Reserve Bank of India (RBI) Shaktikanta Das and Sri Lankan envoy in New Delhi Milinda Moragoda discussed, among others, Indian rupee trade expansion, as a key pillar of economic revival of Sri Lanka, a statement from the Sri Lankan mission said.

The statement said Mr. Moragoda met Mr. Das on March 29 at the Bank’s Headquarters in Mumbai.
“The RBI Governor and the High Commissioner discussed economic recovery in Sri Lanka, and the pivotal role that India could play in it through greater integration of the economies in areas such as power, energy, ports, infrastructure, tourism, IT services.

High Commissioner Moragoda presented a copy of his policy roadmap, the   “Integrated Country Strategy for Sri Lanka Diplomatic Missions in India 2021/2023” to Governor Das. The High Commissioner was accompanied to the meeting by Sri Lanka’s Consul General in Mumbai Dr. Valsan Vethody.

A former Indian Administrative Service (IAS) officer, Shaktikanta Das has been serving as the 25th Governor of the Reserve Bank of India since December 2018. He was earlier a member of the Fifteenth Finance Commission and India’s Sherpa to the G20. During his career as an IAS officer, Das served in various capacities for the Indian Government, including as Economic Affairs Secretary, Revenue Secretary and Fertilizers Secretary. He has also served as India’s Alternate Governor in the World Bank, ADB, NDB and AIIB.