User:Biswa2010biswajit

'Masala bond' A bond denominated in Indian rupee and issued in India. Masala bonds are attractive to foreign investors who desire exposure to Rupee-denominated assets.The rupee denominated bonds help deepen the process of internationalisation of the rupee and involve raising money in an international currency, which is brought onshore and converted into rupee in the domestic spot market.The “masala” bond is the Indian counterpart of the “dim sum” label applied to Chinese offshore issues, which the IFC has also pioneered. Bonds issued inside India are known as Maharaja bonds.