NDB earmarks $7.5 bn for rupee financing to shrink exchange‑rate risk
NDB will allocate $7.5 bn to India—$5 bn in sovereign loans and a $2.5 bn rupee‑bond program—to fund projects in transport, clean energy and digital infrastructure while deepening the domestic capital market. The bank says local‑currency financing cuts exchange‑rate risk for borrowers and isn’t a push to de‑dollarise, but a move toward a more diversified international finance architecture.