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India approves 3000 crore currency swap for Maldives under SAARC deepening financial lifeline
International
Published on 28 April 2026
Maldives gets swap help to meet urgent forex needs
India has approved a major ₹3,000-crore currency swap for the Maldives under the SAARC framework. The support is designed to help the island nation handle foreign exchange requirements and growing economic pressures. Officials say the move strengthens financial resilience and highlights the depth of India–Maldives partnership, with a focus on stabilizing liquidity when it matters most.
- India has approved a ₹3,000-crore currency swap for Maldives
- The facility targets foreign exchange and economic pressures
- Support comes under the SAARC cooperation framework
- The deal underscores deeper India–Maldives financial partnership
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times