£31m green Indian rupee bond launched in London

The first ever green Indian rupee bond has been issued outside India. Dubbed “Masala bond”, it is worth 3.15 billion rupees (£31m) and has been issued on the London Stock Exchange by the International Finance Corporation (IFC). It will be used to finance energy efficiency and renewable energy projects in India and will be invested […]

Iran cuts oil and gas ties with India

Iran has backtracked on commitments to sell oil and gas to India following disagreement on how the bill would be paid according to reports. Since July 2011 India had been meeting its oil and gas bills with 55% in euros and 45% in its national currency – the rupee. In February of this year the […]

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