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India and Maldives Boost Ties with $750 Million Currency Swap Deal

Kumari Sonali

India and Maldives Boost Ties with $750 Million Currency Swap Deal:

India has extended significant financial aid to the Maldives by signing a $750 million currency swap agreement to ease the country’s foreign exchange crisis. This includes a $400 million swap and an additional ₹3,000 crore ($357 million) under the SAARC Currency Swap Framework, available until 2027.

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