Big Relief For FPIs: RBI Opens Long-Term Bonds As Govt Prepares Major Capital Gains Tax Exemption

The Reserve Bank of India’s June 2026 policy review shifted its main focus to foreign capital rules to stop overseas funds from leaving the country. While the Monetary Policy Committee held the repo rate steady at 5.25%, Governor Sanjay Malhotra announced a major relief measure by opening up all new long-term government securities to foreign portfolio investors without any investment limits.