World News
Foreign Buying of Indian Bonds Hits Record After Tax Break
Key Points
Bonds Foreign Buying of Indian Bonds Hits Record After Tax Break India’s bonds open to unrestricted global investment attracted a record monthly inflow after the government scrapped taxes on foreign investors. Foreign funds bought 418 billion rupees ($4.4 billion) of debt under the so-called fully accessible route last month, according to Clearing Corp. of India Ltd. data. That’s almost double the previous monthly record of 239 billion rupees set in August 2024.
Bonds
Foreign Buying of Indian Bonds Hits Record After Tax Break
India’s bonds open to unrestricted global investment attracted a record monthly inflow after the government scrapped taxes on foreign investors.
Foreign funds bought 418 billion rupees ($4.4 billion) of debt under the so-called fully accessible route last month, according to Clearing Corp. of India Ltd. data. That’s almost double the previous monthly record of 239 billion rupees set in August 2024.