New Delhi, April 19 -- The Maldives' request for an extension of an Indian currency swap facility has run into problems because of the rules and regulations governing the scheme, such as the need for a "cooling off" period between drawals, people familiar with the matter said. India has played a key role in helping the Indian Ocean archipelago cope with a balance of payments and sovereign debt crisis in recent years, providing both credit lines and assistance under the SAARC Currency Swap Framework. The short-term financial support, including a $400-million currency swap facility provided in October 2024, helped the Maldives address liquidity stresses. The people said the currency swap facility of October 2024 was rolled over two times despite stringent rules and requirements, and the Indian side also rolled over two interest-free $50-million treasury bills in May and September 2025 for an additional year. The people described these measures as an "exceptional gesture" to a close neighbour. The Maldives recently asked India to extend the currency swap facility again. However, the people said that while the Indian government is examining this request, the existing rules and terms of the currency swap facility, such as the need for a cooling off period between two drawals and the maximum number of roll-overs permitted, make it "extremely difficult" to be considered in a favourable manner....