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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

India considers easing rules for sovereign wealth funds to stem rupee fall

Posted on 11 June 2013

India’s finance ministry, the central bank and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy.
Two senior ministry officials, who declined to be named, said the aim was to attract more capital flows from wealth funds in Middle East countries. Finance Minister P Chidambaram has visited the Middle East in recent months to drum up investment………………………………………..Full Article: Source


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