RBI allows multilateral FIs to invest in masala bonds

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reserve bank
RBI allows multilateral FIs to invest in masala bonds


Reserve Bank
 on Thursday permitted multilateral financial institutions

to invest in rupee-denominated bonds popularly known

as ‘masala bonds’ issued by Indian entities

“In order to provide more choices of investors to Indian entities issuing

rupee-denominated bonds abroad, it has been decided to also permit

multilateral and regional financial institutions where India is a member country,

to invest in these rupee-denominated bonds,” said an RBI notification.

Meanwhile, the RBI has withdrawn the instruction regarding

submission a fortnightly return on forwarding Rate Agreement

(FRA) and Interest Rate Swap (IRS) to the Monetary Policy Department

with a copy to various departments of the central bank.

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