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Edelweiss' Rashesh Shah calls for tax relief as FPI outflows top $28 billion
Negative0
GreyOak summary
Edelweiss Chairman Rashesh Shah urged the government to exempt foreign portfolio investors from capital gains tax to revive market inflows and support the rupee. Shah estimates domestic inflows could reach $60-80 billion annually, aiding IPOs, while Edelweiss plans to list its asset management business soon.
What it affects
- FII flowsNegative 0
Outflows top $28 billion this year.Rolling sentiment Neutral +11
- Edelweiss Financial ServicesEDELWEISSPositive 0
Chairman calls for tax relief to revive market.Rolling sentiment Neutral +9
Source
Read the original at Business TodayMore Edelweiss Financial Services news
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