Which of the following is not a correct statement with respect to Masala Bonds? 

[A] They allow Indian companies to raise overseas debts in Indian currency
[B] Interest Payment on Masala Bonds is in Indian Rupee
[C] Most popular market for Masala Bonds is New York currently
[D] All of the above are correct statements

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.