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     EduGorilla 
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    The Reserve Bank relaxed norms for issuance of rupee-denominated overseas bonds, popularly known as masala bonds, saying they will be treated as external commercial borrowings, thereby freeing up more investments by FPIs’.Which of the following statement is/are true about Masala Bonds?

    Options :-

    1. Masala Bonds are issued by an Indian company in the foreign market to raise funds.
    2. Masala Bonds are issued by a foreign company in the Indian market to raise funds.
    3. The first company in India to issue Masala Bond was HDFC.
    4. Both A & C
    5. None of these
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