What are Masala Bonds and how will they stop the fall of rupee?
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What are Masala Bonds and how will they stop the fall of rupee?
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The government on Saturday decided to withdraw withholding tax on Masala bonds in a series of steps to contain rupee fall. The Indian currency has fallen over 13% since the beginning of this year as investors remain concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices.