Sitharaman announces capital gains tax exemption for foreign portfolio investors
Finance Minister Nirmala Sitharaman just announced that India is rolling out more steps to bring in foreign capital.
At the Mindmine Summit 2026, she highlighted moves like exempting foreign portfolio investors from capital gains taxes and giving them easier access to government securities.
The goal? Keep the rupee steady and encourage investment, especially with global markets being a bit shaky.
RBI backs swaps and FCNR(B) hedges
The RBI is pitching in too, offering special foreign exchange swap deals for state-run companies and helping authorized dealer banks raising fresh 3-5 year Foreign Currency Non-Resident (Bank) deposits by bearing full hedging costs until September 30, 2026.
These efforts are meant to make borrowing from abroad smoother while keeping inflation risks in check due to tensions in West Asia.
Sitharaman also pointed out that exchange reserves will have to be adequately kept but warned about challenges like rising oil prices, import dependence, and possible monsoon issues.