India and Sri Lanka on Friday agreed for $ 400 million currency swap agreement. The agreement signed by India's central bank Reserve Bank of India (RBI) extends the swap facility for Sri Lanka till Nov 2022.

India agrees for $400 million currency swap facility for Sri Lanka

The rupee appreciated by 16 paise to 71.74 against the US dollar in early trade on Monday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities.

Rupee rises 16 paise to 71.74 against US dollar

The RBI on Monday released data that showed nearly 50% of all demonetised currency in Rs 500 and Rs 1000 notes has been deposited with banks

Demonetisation: Indians withdrew over 2 lakh crore since November 9

Eleven branches of SBI are using the method to weed out customers queuing up again and again to exchange invalid currency notes

Demonetisation: Banks use indelible ink to check repeat money exchange