"Raghuram Rajan, Governor, Reserve Bank of India (RBI) and Mario Draghi, President of the European Central Bank (ECB) on Monday signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking," RBI said in a release.

The MoU provides a framework for regular exchange ofinformation, policy dialogue and technical cooperation between the two institutions.

Technical cooperation may take the form of joint seminars and workshops in areas of mutual interest in the field of central banking, said the RBI.

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