Govt Raises FDI caps in Telecom and other key sectors - Angel Broking

The lifting of existing caps on fdi are likely to attract more stable foreign capital in the economy. This is in addition to the measures taken by the Rbi recently to provide stability in the currency and attract fii investment in Indian debt market. We believe that these measures are positive with a view of financing the CAD and ensuring stability in the economy.

Source : Equity Bulls

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