Amid rising oil prices from the Iran war and a weakening rupee, India plans to eliminate taxes on foreign investments in government bonds to attract crucial foreign debt inflows.
The move aims to stabilize the rupee
Jun 04, 2026
03:27 pm
What's the storyThe Indian government is considering removing or slashing the 20% withholding tax on interest income from government bonds for foreign investors.
The move comes as part of a broader strategy to attract foreign capital and stabilize the rupee amid rising oil prices and significant withdrawals by foreign investors from Indian equities.
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