February 6, 2025
Ritabrata Banerjee’s supplementary question on how the govt is planning to structure the repayment of foreign loans when the outstanding amount is rising due to the falling value of the rupee against the US dollar
Sir, In June 2024, the World Bank approved US $1.5 billion loan to India for combating climate change. Over the last several months, the Indian rupee has been constantly falling against the US dollar and now it has breached the 87 rupee mark which is the lowest value of rupee in India’s history. My supplementary question is this. Please tell us how the Government is planning for repayment of these foreign loans and the interest on them when the outstanding amount is rising due to falling rupee.
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