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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Lanka's Central Bank gets USD 400 million swap from RBI

The total loan was expected to have been disbursed with a seventh tranche by mid-2019.

10 Jan 2019 11:39 AM IST