The Reserve Bank of India signed a Currency Swap Agreement with the Maldives Monetary Authority. Maldives will receive up to USD 400 million and Rs 30 billion. The agreement is valid until June 18, 2027. This move will help the Maldives manage foreign exchange reserves. The SAARC Currency Swap Framework started in 2012 for short-term foreign exchange liquidity needs. Read The Rest at :
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