Updated On: 28 May, 2022 07:48 PM IST | Colombo | PTI
India extended an additional USD 500 million credit line to Sri Lanka last month to help the neighbouring country import fuel as it has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in recent times, causing a devaluation of its currency and spiralling inflation

Representative image. Pic/Istock
India sent 15,000 litres of kerosene to Sri Lanka on Saturday to help 700 fisherfolk and power ferry services in the Tamil-dominated Jaffna city, days after it delivered around 40,000 metric tonnes of petrol to the debt-ridden island nation which is grappling with its worst economic crisis.
India extended an additional USD 500 million credit line to Sri Lanka last month to help the neighbouring country import fuel as it has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in recent times, causing a devaluation of its currency and spiralling inflation.