The Reserve Bank of India (RBI) kept policy rates unchanged and maintained its neutral stance, a move that was largely in line with market expectations. While there were no surprises on the interest rate front, the central bank's revised projections for growth and inflation, along with measures aimed at attracting foreign capital, drew significant attention from market participants.
Among the notable announcements was the exemption of capital gains tax for foreign portfolio investors (FPIs) investing in government securities (G-Secs), a step seen as part of broader efforts to encourage foreign currency inflows into the country.
