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India has agreed to extend hundreds of millions of dollars in financial support to the Maldives to help strengthen its struggling economy.

The deal was announced after Maldives President Mohammed Muizzu held talks with Prime Minister Narendra Modi during his five-day visit to India.

The support includes a $400m currency swap deal and an additional 30bn rupees ($357m; £273m) in another swap agreement which will allow companies to do business in local currencies rather than in US dollars.