Foreign investors pour ₹33,000cr into Indian government bonds following tweaks
Business
Foreign investors just poured ₹33,000 crore into Indian government bonds this month, the biggest jump in a year and way up from last May's ₹5,512 crore.
This rush comes right after the government made it easier for foreigners to invest by tweaking some key rules.
Foreign investor caps scrapped, taxes removed
Major policy changes are behind the surge: limits and caps for foreign investors were scrapped, plus longer-term bonds and green bonds are now on offer.
Taxes on gains and interest were also removed, making returns more attractive.
A steady rupee and calmer global tensions helped too, but experts say future inflows will depend on how world markets move and whether Indian bonds get added to big global indexes.