Current Affairs - International - Discussion
Discussion Forum : International - Latest Current Affairs (Q.No. 507)
507.
Which country received $400 million and a ₹3,000 crore currency swap from India to address financial challenges?
Answer: Option
Explanation:
India pledged financial support to the Maldives by extending $400 million and a ₹3,000 crore currency swap to help the country address its financial challenges. This is part of India's "Neighbourhood First" policy, which focuses on strengthening ties with neighbouring countries. Two MoUs were also signed to boost cooperation in combating corruption and capacity-building programs. The launch of the RuPay card in the Maldives further reflects the growing economic collaboration between the two nations.
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