To attract foreign investment and support the rupee amidst geopolitical tensions, the Indian government has abolished income tax and capital gains tax on government bonds for foreign investors. Previously, foreign institutional investors faced a 20% short-term and 12.5% long-term capital gains tax. RBI Governor Sanjay Malhotra announced that new government bonds with 15, 30, and 40-year maturities will be accessible through the Fully Accessible Route (FAR). This move aims to increase forex inflows, control the current account deficit, and stabilize the currency, with experts predicting the rupee could strengthen to 94-94.5 per dollar if oil prices remain stable. https://punjab.news18.com/news/business/fii-income-tax-rbi-removes-tax-on-government-bonds-for-foreign-investors-skm-975637.html #Creator program