India's government and RBI introduced measures to attract foreign portfolio investors and non-resident funds into government bonds and bank deposits, including tax exemptions and risk mitigation strategies, leading to a significant rupee gain.
India plans to abolish capital gains tax on foreign portfolio investments in government securities to boost inflows and support the rupee. This move follows India's inclusion in global bond indices and precedes a potential decision by Bloomberg on its inclusion in the Global Aggregate Index.
Analyst Shang Wu predicts a Bitcoin "supercycle" driven by rising government bond yields, arguing central banks face a choice between currency debasement or debt collapse. He suggests Bitcoin's inflation-resistant nature will attract investors.
