A June ordinance scrapped the tax on foreign holdings of government bonds — removing the last friction the 2024 index inclusion couldn't clear. A structural re-rating and a rupee tailwind, but a grind, not a flood.
PDF · 647 KB
A June ordinance scrapped the tax on foreign holdings of government bonds — removing the last friction the 2024 index inclusion couldn't clear. A structural re-rating and a rupee tailwind, but a grind, not a flood.
PDF · 647 KB