India-Maldives forex swap: RBI’s $400 million help lifts FX reserves; Fitch cites easing of liquidity pressure in ranking observe
India on Saturday welcomed the advance within the Maldives’ overseas alternate (FX) reserves, noting with satisfaction that the $400 million forex swap between the Reserve Financial institution of India (RBI) and the Maldives Financial Authority (MMA) performed a major position in easing the island nation’s exterior liquidity pressures.The Indian Excessive Fee in Male stated it…