India Clears ₹30 Billion Swap Withdrawal for Maldives Under SAARC Framework
The latest drawdown comes after the Maldives settled an earlier US$400 million swap facility that it had availed in October 2024 under the US Dollar/Euro Swap Window of the bilateral arrangement between the RBI and the Maldives Monetary Authority. The Maldives Foreign Ministry said the repayment reflected the government’s commitment to meeting its financial obligations.