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04.06.26 - 01:18
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse (ZeroHedge)
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse
Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back.
According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital - reducing taxes and removing ownership caps on certain bonds - possibly as soon as this week. The cabinet is expected to consider a “significant cut” in the taxes global funds pay on Indian bonds, with officials reportedly weighing whether to eliminate the 20% levy on bond interest income entirely, or shave it down to what the people familiar described as “a bare minimum.” Translation: foreigners weren't biting, and so...
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27.05.26 - 08:12
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Why a Weak Rupee Is About More Than the Oil Shock (Bloomberg)
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A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India's growth has outstripped even that of manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018....
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26.05.26 - 07:36
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Rupee slips to 95.43 against US dollar as hope for Middle East peace dims (Times of India)
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The Indian Rupee experienced a dip early Tuesday, influenced by strong US dollar demand and rising crude oil prices. Geopolitical tensions and fresh attacks against Iran are impacting market sentiment. While the Reserve Bank of India's interventions are expected to stabilize the currency, ongoing peace talks and oil price fluctuations remain key factors to watch....
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