India is reportedly planning tax cuts and other measures to boost capital inflows, Bloomberg reports
- India is poised to announce cuts to taxes on foreign bond investors and remove ownership caps on some bonds as soon as this week, according to Bloomberg
- The cabinet is expected to consider eliminating or significantly reducing the 20% levy on interest earned by global funds from Indian bonds
- The RBI is likely to designate some long-tenor sovereign notes as fully accessible to overseas investors without limits
- Bloomberg says that the moves come as the INR has fallen more than 6% vs the USD amid US tariffs, record foreign fund outflows and Iran war-related oil costs
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