India’s capital inflows may have a mild impact on the rupee as the central bank tightens its grip. Prospects of bond and stock inflows from JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index and a global risk-on sentiment favor the rupee. However, analysts are cautious about expecting a significantly stronger rupee. The Reserve Bank of India is likely to allow gradual appreciation with limited volatility.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while