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The Economic Times
The Economic Times

FPI inflows into FAR securities rise by Rs 8,795 cr after govt tax exemption move

Tax Exemption India Bonds capital gains

Foreign portfolio investors (FPIs) have invested Rs 8,794.743 crore in government securities under the Fully Accessible Route (FAR) after the government exempted them from income tax on interest income and capital gains arising from investments in these bonds.

According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at Rs 3.32 lakh crore on Tuesday, up from Rs 3.23 lakh crore on June 3.

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