India's cbank eases foreign direct investment rules
MUMBAI Jan 9 (Reuters) - India's central bank on Thursday relaxed foreign direct investment regulations to allow investors to exit their investments subject to the conditions of a minimum lock-in period and without any assured returns.
The Reserve Bank of India said the relaxation was expected to facilitate great foreign direct investment (FDI) inflows into the country.
Asia's third-largest economy saw FDI inflows from April to October in 2013 drop 15 percent from a year earlier to $12.6 billion, despite the opening of new sectors. (Reporting by Sumeet Chatterjee; Editing by Prateek Chatterjee)
- Protesters stay out on Hong Kong streets, defying Beijing |
- Hong Kong protesters stockpile supplies, prepare for long haul |
- China OKs iPhone 6 sale after Apple addresses security concerns
- Stocks head for worst quarter since euro crisis, dollar reigns
- U.S.-led air strikes pose problem for Assad's moderate foes