The New Development Bank (NDB), created by the BRICS nations, is preparing to launch its first rupee-denominated bond in India by the end of March 2026. The issue, expected to raise between Rs. 3,300 crore and Rs. 4,100 crore (US$400–500 million), will likely carry a maturity of three to five years. Advanced talks are underway with the Reserve Bank of India, though final approvals are pending. The move is part of the bank’s broader strategy to increase financing in local currencies, reduce reliance on the U.S. dollar, and strengthen domestic bond markets across member countries.
