2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 billion
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3 billions
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5 billions
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6 billions
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Detailed explanation-1: -IFC Launches 16 Billion Indian Rupee Masala Bond, Reaching 99 Billion Rupee in Offshore Issuances.
Detailed explanation-2: -Masala Bonds are rupee-denominated bonds. It is a debt instrument issued by an Indian entity in foreign markets to raise money, in Indian currency, instead of dollars or local denomination.
Detailed explanation-3: -International Finance Corporation (IFC) issued the first Masala bond for Indian infrastructure projects in 2014. Also, Kerala became the first Indian state to issue Masala Bonds for Rs. 2,150 crores on the London Stock Exchange in 2019.
Detailed explanation-4: -Masala Bonds were introduced in India in 2014 by International Finance Corporation (IFC). The IFC issued the first masala bonds in India to fund infrastructure projects.
Detailed explanation-5: -In case of ECB the rate of interest is much lower than Masala Bonds ,but cost of raising ECB is much more higher than issue of Masala Bonds. Masala Bonds can have implications for the rupee, interest rates and the economy as a whole.