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RBI may revive a decades old play using foreign bonds to support the rupee
Economy
Published on 6 May 2026
State run banks could sell foreign currency bonds
The Reserve Bank of India is reportedly exploring a new route to strengthen the rupee by allowing state run banks to issue foreign currency bonds. The idea aims to draw fresh capital inflows and could use instruments with roughly five year maturities. While still early, it revives a strategy last used decades ago.
- RBI is considering letting state run banks issue foreign currency bonds
- Goal is to attract capital inflows and support rupee stability
- Proposed bonds could have around five year maturities
- Strategy would revive an approach used decades ago
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times