India rolls over ₹3,000 crore currency swap for Maldives

India has approved the rollover of a ₹3,000-crore currency swap facility to the Maldives under the SAARC Currency Swap Framework. The arrangement, signed during President Muizzu's October 2024 India visit, supports Maldives' financial stability. Since 2012, RBI has provided over $1.1 billion in aggregate swap support to the island nation.