Govt Steps to Boost Capital Inflow Unlikely to Reverse Rupee Slide: Moody's

The Indian government estimates that the measures, including exempting investors from withholding tax for offshore rupee-denominated (masala) bonds and allowing Indian banks to become market-makers, will increase capital inflows by USD 8-10 billion, or 0.3-0.4 per cent of GDP, in the fiscal year that ends March 31, 2019.

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