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Govt's ambition of attracting foreign money hits turbulence amid Covid-19

It is unfortunate timing, coming just months after Indian policy makers embarked on a fresh drive to open the country's bond markets to global investors, but adds to a list of issues stacking up

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Policymakers have been talking about opening up India's financial sector and internationalising the use of the rupee for more than a decade, with little progress

Reuters New Delhi
India's ambition to attract more foreign money into its financial markets is being buffeted again, having only just started to make progress after years of talk but very little action.

Deadly clashes between Indian and Chinese troops on the Himalayan border, a surge in coronavirus cases and its second sovereign credit rating cut of the month on Thursday has thrown the country back into the international spotlight this week.

It is unfortunate timing, coming just months after Indian policy makers embarked on a fresh drive to open the country's bond markets to global investors, but adds to a list of

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First Published: Jun 19 2020 | 6:56 PM IST

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