
A Landmark Move: New Development Bank Plans First Indian Rupee Bond by 2026
In a significant development for India’s financial markets and its role in the global economy, the BRICS-backed New Development Bank (NDB) has announced plans to issue its first-ever bond denominated in Indian rupees. Slated for India’s domestic market by March 2026, this move represents a pivotal step in the internationalization of the rupee and the…