India ‘satisfied’ with $400 million currency swap that boosted Maldives’ FX reserves
India on Saturday noted with satisfaction that the USD 400 million currency swap between Male and New Delhi helped boost Maldives' foreign exchange (FX) reserves. The comments by the Indian High Commission in Maldives came after global credit rating agency Fitch on Thursday affirmed the archaepelagic country's sovereign rating at 'CC', among other reasons due to increased Forex reserve. The Indian High Commission in Maldives, in a post on X, said it noted with satisfaction that the FX reserves increase in the island nation was driven by the USD 400...