Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


    January 01, 2012

India Opens Stock Market to Foreign Investors

   VOA News
   India_Curious_Map

   India says it will open its stock market to individual foreign
   investors for the first time, in a move aimed at attracting more
   foreign funds.
   The government said in a statement Sunday that it will allow qualified
   foreign investors to directly invest in the market in order to "widen
   the class of investors, attract more foreign funds, and reduce market
   volatility."
   The new rules go into effect January 15.
   Previously, foreigners could invest in the Indian stock market only
   through mutual funds or institutional schemes.
   India has been dealing with a series of interest rate hikes, rising
   inflation and a weakening national currency.

   Some information for this report was provided by AFP and Reuters.

.