Local currency trading with Sri Lanka not feasible, says govt official

India does not find local currency trading feasible with Sri Lanka under the current circumstances. This is because there’s no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds. 

“It is not feasible at present. Sri Lanka does not have much to offer in terms of exports to India. We will continue to focus on supporting Sri Lanka,” a government official, privy to the discussions, said. 

Ajay Sahai, director general and chief executive officer, Federation of Indian Export Organisations (FIEO), said a proposal for local currency trading was deliberated by the government.