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The Federal · India · India exempts FPIs from G-sec taxes, bond inflows jump sixfold to ₹39,640 crore in June
Reports FPIs pumped ₹35,000 crore into Indian government bonds in the first three weeks of June alone, a 6.3-6.6x jump from May's ₹5,512 crore. Directly attributes the surge to the June 5 ordinance removing the 20% withholding tax on interest and 12.5% LTCG, retroactive from April 1, 2025.
“After the tax break, FPIs pumped Rs 35,000 crore into Indian bonds in June so far, jumping 6x over May.”