India Set To Double Investing Limit For Foreign Individuals

India's central bank is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.

- Reuters

NEW DELHI:

Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of U.S. tariffs, have pulled more than $28 billion out of Indian stocks since September's record high in the benchmark NSE Nifty 50.

To boost foreign investment, India is widening to all foreign investors benefits it had until now restricted to overseas Indians, while also raising applicable investment limits, the officials said.