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Jammu & kashmir News

The Economic Times

Jammu & kashmir / The Economic Times

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New Development Bank plans $7.5 billion funding to deepen rupee lending

The New Development Bank is set to invest $7.5 billion in India, focusing on local currency financing aimed at strengthening emerging economies. By launching a rupee bond program, the bank aims to enhance India's domestic capital markets. This initiative reflects the bank's commitment to diversifying international financial structures, capitalizing on the substantial growth prospects that India's development presents.

14 Aug 2026 11:56 pm