Which of the following would NOT be the implication of issuing international sovereign bonds by the Indian Government?

1
It can lead to higher foreign inflows into India
2
It could also improve the attractiveness of rupee-denominated sovereign bonds
3
The rates at which the government borrows overseas will act as a yardstick for pricing of other corporate bonds
4
Fluctuations in exchange rate may lead to decreased pay out pressure on the issuing government

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