Govt's Big Move To Save The Rupee! Will Foreign Money Return To India?

India is stepping up efforts to stabilize the rupee and attract foreign capital back into its markets. According to Siddhartha Khemka of Motilal Oswal, the government's proposed tax relief measures for foreign investors could help ease pressure on the currency and improve market sentiment. Rising crude oil prices, a widening import bill, and persistent FII selling have weighed heavily on the rupee in recent months. The latest proposal aims to make Indian bond and equity markets more attractive by offering additional comfort to foreign investors. While global uncertainties remain elevated, any move that encourages capital inflows could help calm currency markets and support Dalal Street. Is this the beginning of a fresh foreign money comeback into India?