Sovereign wealth funds shun Indian tax-free bonds2 min read . Updated: 23 Dec 2013, 12:10 AM IST
A volatile rupee, the lack of any specific tax advantage and unattractive interest rates have ensured that not even one issue has been subscribed by these wealth funds
New Delhi: Sovereign wealth funds have shunned tax-free bonds issued by state-run Indian companies and financial institutions despite the government’s attempts to woo these foreign funds in the numerous overseas road shows by finance minister P. Chidambaram.
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