Diabytes
Rupee bonds News
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The interest would be exempt on rupee denominated bond issued outside India during the period from September 17, 2018, to March 31, 2019.
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Bullish on India's growth prospects, International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.
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European Bank for Reconstruction and Development issued the sixth rupee or `Masala Bond` at the London Stock Exchange today. The bonds are likely to raise five billion rupees (USD 73.9 million).
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The Reserve Bank Tuesday proposed that Indian corporates eligible for raising external commercial borrowings (ECBs) could also raise funds overseas by issuing Rupee linked bonds, a move expected to open another window for cheaper resources.
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