RBI weighs foreign-currency bond sales by state lenders

8 articles · Updated · Bloomberg · May 5

Officials have discussed letting state-owned banks issue foreign-currency bonds, potentially with five-year maturities, as the rupee comes under pressure against the dollar.
The proposal aims to attract capital inflows and bolster the currency, but talks remain preliminary and no decision has been taken.
The move would mark an unusual step by the central bank as India seeks ways to stabilise the rupee amid market strain.

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