Resurgent India Bonds were issued in US Dollar, Pound Sterling and

examrobotsa's picture

Submitted by examrobotsa on

Q: 33 (IAS/2000)
Resurgent India Bonds were issued in US Dollar, Pound Sterling and

question_subject: 

General Knowledge

question_exam: 

IAS

stats: 

0,4,42,14,4,25,3

keywords: 

{'resurgent india bonds': [0, 1, 0, 0], 'us dollar': [0, 2, 0, 1], 'japanese yen': [0, 1, 0, 0], 'deutsche mark': [0, 1, 0, 0], 'french franc': [0, 1, 0, 0], 'pound sterling': [0, 1, 0, 0], 'euro': [0, 3, 0, 3]}

Resurgent India Bonds were issued in US Dollar, Pound Sterling, and Deutsche Mark. The Resurgent India Bonds were issued by the Government of India in 1998 to attract investments from Non-Resident Indians (NRIs) and foreign investors. These bonds were denominated in US Dollar, Pound Sterling, and Deutsche Mark to provide options for investors in different currencies. The bonds were aimed at mobilizing foreign currency resources for India`s economic development.