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RBI eyes cutting bond taxes for foreigners as rupee slides to record lows
Economy
Published on 14 May 2026
A tax cut could be used as rupee defense
India is reportedly weighing a major cut in taxes on foreign investments in bonds, a proposal backed by the Reserve Bank of India and under serious consideration by the Finance Ministry. The rationale: align with global norms, attract more inflows, and help curb the rupee’s recent slide, which recently hit a fresh record low against the US dollar.
- RBI is pushing a potential tax reduction on foreign bond investments
- Finance Ministry is reportedly considering the proposal seriously
- Goal is to boost inflows and support rupee stability
- Rupee has recently hit record lows versus the US dollar
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times