AGP Executive Report
Last update: 10 hours agoSpaceX IPO & Index Rules: New index-provider rules could speed up SpaceX’s inclusion in share indexes, potentially turbocharging passive fund buying ahead of a record $75bn float. India FX & Sovereign Debt Push: The RBI held rates at 5.25% and unveiled five measures to support the rupee, including forex-swap incentives and expanded access for foreign investors to 15-, 30- and 40-year government bonds. Tax Relief for Foreign Investors: India’s ordinance exempts FIIs from capital gains tax and interest withholding on government securities (retroactive to April 1, 2026), extending the benefit to the BIS—aimed at attracting “patient” dollar inflows. RBI Equity Liberalisation: RBI raised NRI/OCI equity investment limits via PIS and extended the facility to all PROIs, widening diaspora access to Indian markets. Markets & Risk Mood: South Korean stocks slid as chip shares fell after Broadcom’s AI-chip guidance shock; crypto weakened as Bitcoin slipped below $62k. Banking Moves: HDFC Bank will stop agent sourcing of government deposits from July; Bishop Street Underwriters appointed a new CFO. Other Finance Signals: Nigeria weighs debt refinancing and fresh funding as oil prices lift investor sentiment.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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