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Govt mulling ways to boost capital inflows: finmin official

Govt mulling ways to boost capital inflows: finmin official
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First Published: Fri, Dec 16 2011. 05 47 PM IST

Updated: Fri, Dec 16 2011. 05 47 PM IST
New Delhi: The government is looking at various ways to boost capital inflows, including reducing the lock-in period for foreign institutional investors (FIIs) in some infrastructure bonds, a senior finance ministry official told reporters on Friday.
The official said the lock-in period for some infra bonds may be reduced from 3 years to a year, adding that the current FII outflows from Indian equities was a temporary phenomenon.
Foreign funds have sold $300 million of Indian shares so far this year, in sharp contrast to record investment of more than $29 billion in 2010, and 30-share benchmark index is down more than 23%, making it the worst-performing major global market this year.
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First Published: Fri, Dec 16 2011. 05 47 PM IST