Indian Rupee Loans for Nepali Businesses: Boon or Burden for Nepal’s Economy?

India’s latest move to provide cross-border loans in Indian Rupees (INR) to neighboring countries including Nepal, Bhutan, and Sri Lanka has sparked widespread debate on whether it will strengthen or weaken Nepal’s economy. Last week, the Reserve Bank of India (RBI) announced that authorized Indian banks will now be allowed to extend loans in rupees…