India's rupee bonds lacking spice

India wants foreign investors to fund infrastructure projects via so-called masala bonds but key ingredients are still missing.
Narendra Modi speaks at Wembley
Narendra Modi speaks at Wembley
April 19, 2016

When Indian Prime Minister Narendra Modi made his first state visit to the UK last November, he referenced fictional spy James Bond to illustrate his attempt to push for greater usage of the rupee currency aboard.

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