DMPQ :What are masala bonds? Explain their significance (ECONOMY)
Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency The term was used by the International Finance Corporation (IFC) to evoke the culture and cuisine of India Unlike dollar bonds, where the borrower takes the currency risk, masala bond makes the investors bear the risk The first … Read more DMPQ :What are masala bonds? Explain their significance (ECONOMY)