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MALDIVES CURRENCY
Summer travel plans take no break: Domestic demand remains strong despite rising fuel costs and airfares, fewer flightsIndians are not cancelling summer holidays despite higher costs and fewer flights. Many are choosing domestic trips or nearby international...- RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay MalhotraThe Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be und...
- Dollar pressure, PM’s appeal may shift Indian tourists towards domestic travel: Atul ThakkarIndian outbound travel may see a temporary slowdown due to rising currency pressures and recent government remarks, prompting travellers to...
- Maldives repays second $50 million Indian treasury bill: MuizzuThe Maldives has made a significant payment to India, settling a USD 50 million treasury bill. This move aims to reduce the nation's extern...
- India extends financial support to Maldives under SAARCIndia has approved a significant ₹3,000-crore currency swap for the Maldives. This move aims to bolster the island nation's economy under t...
- India approves Rs 30 billion for Maldives under SAARC currency swapIndia has approved a Rs 30 billion currency swap for the Maldives. This reaffirms New Delhi's role as a key financial partner. The Maldives...
- As Male faces stress, India weighs currency swap extensionIndia is reviewing the Maldives' plea for an extended currency swap facility. The island nation faces significant economic strain, compound...
- Maldives’ tourism-driven economy stares at crisis amid West Asia warThe Maldives economy faces a crisis due to West Asia disruptions. Tourist arrivals are down, impacting revenue. Significant debt repayments...
- India 'satisfied' with $400 million currency swap that boosted Maldives' FX reservesIndia expressed satisfaction over the USD 400 million currency swap with Maldives, which boosted the island nation's foreign exchange reser...
- Maldives is a 'very concrete' expression of India's neighbourhood first policy: JaishankarExternal Affairs Minister S Jaishankar highlighted the significance of the Maldives in India's neighbourhood first policy and New Delhi's f...
- RBI, Maldives Monetary Authority sign pact to promote use of local currenciesThe Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian ...
- President Muizzu introduces UPI payment service to boost Maldivian economyMaldives President Mohamed Muizzu has taken steps to introduce India's UPI for enhancing the country's financial ecosystem, involving entit...
- Dollar-starved Maldives notifies new foreign currency rulesMaldives has introduced new rules requiring all foreign currency earnings from the tourism sector to be deposited in local banks. The regul...
- Maldives' Muizzu rushes to mend ties with India as China debt squeeze loomsMaldives President Mohamed Muizzu, who pushed for an 'India Out' campaign, now seeks financial aid from India. He is visiting New Delhi to ...
- PM Modi, Maldives President Muizzu seek to strengthen bilateral ties with $400 million supportPrime Minister Narendra Modi and Maldives President Mohamed Muizzu aim to enhance bilateral ties, with India providing significant financia...
- RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap windowThe Reserve Bank of India signed a Currency Swap Agreement with the Maldives Monetary Authority. Maldives will receive up to USD 400 millio...
- India may extend financial support to Maldives facing default during Muizzu visitIndia may provide financial support to the Maldives to help it avoid a potential default on its foreign debt. This assistance could be anno...
- India ready to give Maldives aid as sukuk default risk loomsIndia is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...
- India, China have agreed to cooperate in paying in local currency for imports: MaldivesMaldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn...
- Maldives in discussion with India to pay in local currency for imports: MinisterMaldives explores paying imports in Maldivian Rufiyaa with India, China. Saeed aims for non-dollar payments, stronger Rufiyaa, bilateral tr...
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