India discusses rescheduling Sri Lanka’s repayment of loans 

India has said, it has been engaged in close and constructive discussions on rescheduling Sri Lanka’s repayment of loans to India, and on currency swap under bilateral and SAARC arrangements.

A press statement by Indian high commission in Colombo said, the matter had been taken up at the leadership level and has been followed up by senior functionaries bilaterally.

It said, the High Commissioner of India to Sri Lanka held discussions at senior levels in Colombo over past few days, on Sri Lanka’s requirements.

The statement came in response to some media reports that Sri Lanka is looking towards China for moratorium on loan repayments as India has not responded to the requests made earlier.