INR

An ordinance removing withholding and capital-gains taxes on government securities retroactively from April 2025 triggered the biggest monthly FPI bond surge since index inclusion

India's currency has depreciated 10% in twelve months; the central bank is defending with reserves, a swap line and subsidised hedging for inbound deposits

JPMorgan and Bloomberg EM phases closed; a third benchmark waits on settlement and tax reforms India is now racing to deliver