RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed a currency swap agreement under the SAARC Currency Swap Framework for 2024-2027. This agreement allows the Maldives to access up to $400 million under the US Dollar/Euro Swap Window and […]
Tag: 8th Oct 2024
India and Maldives Boost Ties with $750 Million Currency Swap Deal
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 […]
RBI Deputy Governor M. Rajeshwar Rao’s Tenure Extended for One Year
RBI Deputy Governor M. Rajeshwar Rao’s Tenure Extended for One Year: The government has approved a one-year extension for M. Rajeshwar Rao as Deputy Governor of the Reserve Bank of India (RBI), effective October 9, 2024. This decision was made by the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, following […]
