Pointing out that global bond markets are still largely over-the-counter institutions, Koay said that for foreign investors looking to invest in Indian bonds, there are four layers at present – setting up a specific account to access bonds located here, determining the exchange rate considerations, procuring the bonds and posting margin considerations while looking at tax considerations.
Fed’s rate cut well received by global markets: Mitul Kotecha
Global equities rallied after the US Federal Reserve’s 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank