India government to allow foreign investors to purchase stocks

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Source: Bloomberg

India's government has decided to allow foreign individual investors to purchase directly domestic equities as the nation attempts to stimulate capital inflows and lessen volatility in its financial markets. The new law is expected to be approved by January 15. At the moment overseas investors are allowed to invest in stocks only via participatory notes.

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Mon, 02 Jan 2012 11:13:12 GMT

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