RBI reduces min tenure of masala bonds to 3 yrs
The RBI on Wednesday reduced the minimum tenure of the masala bonds issued by companies to three years from the previously stated five years. Masala bonds are rupee-denominated bonds issued by Indian companies in foreign capital markets that can be settled in US dollars. Further, a single issuer can raise a maximum of ₹5,000 crore through such bonds, RBI said.  