India Extends ₹3,000 Crore Currency Swap To Maldives To Shore Up Its Forex Reserves, Reinforcing Regional Financial Partnership

India has approved a ₹3,000 crore currency swap withdrawal for the Maldives on Thursday, 23 April 2026, aimed at strengthening the island nation’s foreign exchange reserves and ensuring economic stability.The Indian High Commission in Male confirmed that the disbursement falls under the SAARC Currency Swap Framework, a regional mechanism designed to provide short-term liquidity support.This
India has approved a ₹3,000 crore currency swap withdrawal for the Maldives on Thursday, 23 April 2026, aimed at strengthening the island nation’s foreign exchange reserves and ensuring economic stability.The Indian High Commission in Male confirmed that the disbursement falls under the SAARC Currency Swap Framework, a regional mechanism designed to provide short-term liquidity support.This
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