<h1>India's Financial Lifeline: $400M Currency Swap Bolsters Maldives' Reserves Amid Economic Challenges and Tourism Recovery</h1> India provided a USD 400 million currency swap to Maldives, helping boost the country's foreign exchange reserves. Fitch credit rating agency noted the increase was driven by tourism receipts, a new Foreign Currency Act, and support from India's central bank. Despite the reserve improvement, the agency warns of persistent external and fiscal vulnerabilities, with the fiscal deficit expected to widen to 14.5% of GDP in 2025.