The RBI and government acted together to address capital outflows and concerns over India's external balances
Capital gains and interest taxes on sovereign bond investments by foreign investors have been scrapped
Global central banks can now invest in Indian government bonds, bringing more stable capital flows
New forex measures and export realisation norms are designed to improve foreign currency inflows
Expanded access to government bonds and relaxed limits could attract more overseas investors
The rupee gained strength and bond yields eased after the coordinated policy announcements
The reforms reflect a clear intent to deepen markets and make India a more attractive investment destination