Discussion
Resurgent India Bonds were issued in US dollar, Pound Sterling and
Answer: B
They were also issued in Deutsche marks.
Resurgent India Bonds were floated by the State Bank of India in 1998, after the sanctions that followed the Pokhran tests, to attract foreign exchange from non-resident Indians. They were denominated in US dollars, pounds sterling and Deutsche marks, and raised about $4.2 billion.
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