India approves $30B withdrawal for Maldives

India has approved the first withdrawal of Rs 30 billion (approximately $30 billion) for the Maldives under the SAARC Currency Swap Framework. The move underscores New Delhi's continued financial support to Malé and is intended to add fresh momentum to regional economic cooperation in the Indian Ocean. This transaction highlights ongoing diplomatic and economic ties between the two nations within the South Asian regional bloc.