News First | Asia

India scraps capital gains tax on foreign investors in government debt to support rupee

5 June 2026, 1:28 pm

1 min read

FILE PHOTO: A man walks past a Rupee installation at the Reserve Bank Of India (RBI) headquarters in Mumbai, India, April 8, 2026. REUTERS/Francis Mascarenhas/File Photo

Reuters was first to report that India plans to exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on receipts arising from interest payments or the sale of government securities.