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flag India's $400M currency swap with the Maldives boosts their reserves, easing financial strain.

flag India is happy with a $400 million currency swap deal that helped boost the Maldives' foreign exchange reserves, easing their financial pressures. flag This swap, done in October 2024, was praised by a global rating agency for supporting the Maldives' financial stability. flag However, the agency also noted that the country still faces economic challenges, including a large debt and a growing deficit.

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