The Asian Development Bank (ADB) is planning to raise funds abroad by issuing rupee-denominated bonds. This is the first time the multilateral institution is considering rupee-linked offshore bonds to help finance projects in India.“Rupee bonds have been issued in the past. Earlier, we did an onshore bond. Now, we are looking at offshore bonds,” said Narhari Rao, the officer in-charge of ADB India, resident mission, on Wednesday.

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