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Sanhita Sapatnekar
Sanhita Sapatnekar is at the Department of Economics, University of Navarra (Spain). She has worked as a consultant at the National Institute of Public Finance and Policy (NIPFP), New Delhi. Prior to NIPFP, Sanhita worked at GIZ (Cambodia) and the United Nations (Indonesia). Her core research interests lie in macroeconomics and monetary policy. She holds a Bachelor's in mathematics and a Master's in international relations from the University of Bristol (United Kingdom) and the Postgraduate School of Economics and International Relations (Italy), respectively. She also holds an LLM in International Trade Law from the University of Turin. Her current research focuses on the interplay of energy transition and financial risk.
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Facilitating foreign investment in rupee-denominated debt
On 22 September 2017, the RBI notified that rupee-denominated offshore bonds – popularly known as ‘masala bonds’ – will no longer form part of the limit for investment in corporate bonds by foreign portfolio investors. In this article, Radhika Pandey contends that while this is a step in the right direction, more needs to be done to complete the reform to simplify and rationalise the current regulatory framework.
