The Times Of IndiaGovernment and RBI have launched new measures to attract foreign investment in bonds and bank deposits. These initiatives aim to boost inflows by easing regulations and offering currency protection. The rupee strengthened significantly following the announcements, with potential for substantial retail deposit growth. Tax exemptions for foreign investors on government securities are also in place.
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https://timesofindia.indiatimes.com/business/india-business/from-tax-waivers-to-free-hedges-rbi-govt-join-hands-to-boost-rupee/articleshow/131540646.cms
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https://timesofindia.indiatimes.com/business/india-business/from-tax-waivers-to-free-hedges-rbi-govt-join-hands-to-boost-rupee/articleshow/131540646.cms
From tax waivers to free hedges, RBI & govt join hands to boost Rupee
MUMBAI: In a coordinated move, govt and RBI Friday rolled out a clutch of measures aimed at attracting foreign portfolio investors and non-resident funds to govt bonds and bank deposits. The strategy is as much about sentiment as it is about flows: signalling openness, easing friction, and offering a small subsidy from RBI in the form of free insurance cover to banks against rupee depreciation.
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