Investors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gains taxes. With the Reserve Bank of India’s stringent leverage rules potentially pushing trading activities offshore, there’s a risk of reduced government revenues and diminished market liquidity. Authorities are considering these issues in light of the recent tax cuts on government securities.
Dollar drifts higher as traders eye Iran talks ahead of US jobs data
The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets.