India has approved a ₹30 billion (approximately $360 million USD) currency swap for the Maldives, as announced by the Indian High Commission in Malé. This decision is part of the SAARC Currency Swap Framework, which aims to bolster financial stability in the region. The approval comes shortly after the Maldives settled a $400 million swap facility, demonstrating the government's commitment to meeting its financial obligations. The newly approved funds are expected to enhance the Maldives' economic stability, particularly in light of rising geopolitical tensions in West Asia. The currency swap mechanism allows the Maldives to access foreign exchange during liquidity constraints, thereby reducing reliance on commercial borrowing and helping to manage balance-of-payments pressures. Since the inception of the SAARC Swap Framework in 2012, India has provided a total of $1.1 billion in swap assistance to the Maldives, reinforcing the strong bilateral ties under India's 'Neighbourhood First' policy. The High Commission emphasized India's role as a key partner in promoting regional financial cooperation.