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Religare Broking Senior Vice President Ajit Mishra on RBI Policy
This story was originally published at 12:34 IST on 5 June 2026
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MUMBAI – Ajit Mishra, senior vice president of research at Religare Broking Ltd., said the following on the Reserve Bank of India's second bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Friday:
The policy introduces decisive measures to attract foreign capital—scrapping capital gains tax for eligible foreign investors in government bonds, easing FPI access limits, and incentivising NRI dollar deposits while subsidising hedging costs. These steps, combined with concessional forex swaps, are aimed at reversing outflows and stabilising FX markets. For equities and debt markets, this is supportive of liquidity and inflows, while for the rupee, it signals a clear intent to anchor expectations and reduce volatility amid global oil shocks and sustained foreign selling pressure. End
Compiled by Ruchira Kagita
Filed by Deepshikha Bhardwaj
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