The government has decided to provide related tax action to Foreign
Portfolio Investors (FPIs), as presented to foreign institutional
investors (FIIs) at there.
In a declaration on Tuesday, market controller Securities and Exchange Board of India (Sebi)
said the three categories of Foreign Portfolio Investors - FIIs,
sub-accounts and capable foreign investors (QFIs) - would be specified related tax action as available to FIIs presently
.
The latest regulations aspire to get all foreign investors less than a common structure,
called the Sebi (Foreign Portfolio Investors) policy, 2013.
These procedures come at a time when the rupee has diluted significantly in opposition to the dollar and very soon hit its all-time low levels of 60 in opposition the American money.
what's more, FIIs have been pulling out currency from the Indian debt market, which has resulted in the hardening of yields on government link.