India Said to Ready Tax Cut Plans to Attract Foreign Bond Buyers
INDIA READIES TAX CUTS TO LURE FOREIGN BOND INVESTORS
India is preparing to announce measures aimed at attracting greater foreign investment into its bond market, potentially as soon as this week. The planned steps include reducing taxes and removing ownership caps on certain bonds, according to sources familiar with the matter.
What analysts are saying: Easing foreign access to Indian bonds could deepen market liquidity and support the rupee, while also signaling New Delhi's commitment to financial liberalization ahead of potential further index inclusion milestones.
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