RBI
FM Sitharaman Signals More Measures to Attract Global Capital Into India
Our latest 'Insights' piece delves into the Indian government's proactive measures to attract foreign investment. Following Finance Minister Nirmala Sitharaman's recent signals, India is looking to boost global capital inflows. Recent policy shifts, including eased Foreign Portfolio Investor (FPI) access to government securities, alongside tax exemptions on interest and capital gains income, mark the initial steps. The Reserve Bank of India (RBI) and the Finance Ministry are collaborating to enhance the attractiveness of India bonds for international investors. This initiative aims to strengthen capital flows and positively impact the India economy, particularly the debt market. Stay tuned to Lumic for more interpretations on India's evolving investment policy.
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RBI
Bank Credit Surges 20% as Industry and Services Borrowing Accelerates
- Bank credit to industry grew 20% in July, sharply up from 6.5% from the last year
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RBI
RBI Steps In Again as Oil and Fed Bets Put Rupee Under Pressure
- RBI stepped in again as the rupee weakened to 95.60 per dollar amid rising oil prices
- Brent crude climbed above $90, adding pressure as markets raised Fed hike expectations
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