Weak rupee could cost India $9.5bn more to repay foreign debt
SBI's Chief Economic Advisor Soumya Kanti Ghosh has estimated that a weak rupee will cost India â¹68,500 crore ($9.5 billion) more to repay short-term foreign debt. India's short-term debt obligations, which included non-resident deposits and companies' overseas commercial borrowings, totalled $217.6 billion in 2017. The rupee has lost more than 11% this year and fell past 72 against the dollar.