RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR

India and the Maldives have entered into a currency swap agreement worth $400 million (?30 billion) to strengthen bilateral trade. This agreement will facilitate trade between the two nations and stabilize the Maldivian economy amid financial challenges. It reflects India's ongoing commitment to supporting Maldives through economic partnerships. This move is expected to enhance foreign exchange reserves and bolster economic cooperation in the region.