- 05/27/2019 at 4:48 pm #1005280EduGorillaKeymasterSelect Question Language :
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?
- Masala Bonds are issued by an Indian company in the foreign market to raise funds.
- Masala Bonds are issued by a foreign company in the Indian market to raise funds.
- The first company in India to issue Masala Bond was HDFC.
- Both A & C
- None of these
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