India Scraps Taxes to Attract Foreign Investment in Bonds

India cut taxes on bond investments by foreign institutional investors to attract overseas capital and stabilize the rupee which has been under pressure from higher energy prices and equity market...

By Shruti Srivastava, Alex Gabriel Simon, Anup Roy · Bloomberg Markets

India cut taxes on bond investments by foreign institutional investors to attract overseas capital and stabilize the rupee which has been under pressure from higher energy prices and equity market outflows.