Concept of Rupee Denominated Bonds (Masala Bonds)

The RBI after consultation with the Department of Economic Affairs, Ministry of Finance, Government of India has come out with the concept of Rupee Denominated Bonds, generally known as "MASALA BONDS" in the overseas market. These bonds are utilized as a tool by eligible Indian entities to raise funds from overseas.

source https://www.caclubindia.com/articles/rupee-denominated-bonds-masala-bonds-46591.asp