The Reserve Bank Thursday allowed foreign investors to buy bonds that are either fully or partially under default in repayment and raised the maturity period of such NCDs/bonds to three years and more.
Foreign investors have pumped in a staggering over Rs 19,000 crore in the Indian capital markets in October so far -- the highest level in six months -- buoyed by RBI's rate cut and positive macro numbers.
After pulling out hefty funds from the capital market over past two months, foreign investors have turned net buyers in October so far and pumped in close to Rs 17,000 crore, buoyed by RBI's rate cut and positive macroeconomic data.
After pulling out hefty funds from the capital market over the past two months, overseas investors have turned net buyers in October so far and pumped in over Rs 2,000 crore, buoyed by RBI's 50-bps rate cut and an expected delay in rate hike by the US Federal Reserve.
In a relief to foreign investors, Government on Wednesday told the Supreme Court that it stood by its circular exempting them from paying minimum alternate tax (MAT) if they do not have a permanent establishment in India.
Wooing foreign investors with the promise of easier conditions for doing business, Finance Minister Arun Jaitley Monday said continuing reforms will push India's economic growth higher than last year's 7.3 percent despite adverse global winds.