MASALA BONDS: ISSUING RUPEE DENOMINATED DEBT OVERSEAS

Published On: 01/10/2017

Authors:

The Reserve Bank of India (the 'RBI') altered certain norms relating to the issuance of rupee denominated bonds (commonly known as 'masala' bonds) in the overseas market ('Rupee Bonds') pursuant to two circular's dated September 22nd, 2017 (the 'Circulars').