Masala bond issue of Rs 20,000-25,000 crore soon? To tap FPIs, govt plans bond sale at GIFT City
Wednesday, 1 November 2023
The Indian government is considering issuing masala bonds worth Rs 20,000-25,000 crore to tap into the interest of Foreign Portfolio Investors (FPI) and raise funds at a lower interest rate. Masala bonds are offshore sovereign bonds denominated in Indian rupees.
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