India Considers Reducing Taxes on Bond Investments by Foreigners

India is considering a significant reduction in the taxes paid by foreign investors on the nation’s bonds as authorities seek to align policies with global norms and attract inflows, according to people with knowledge of the matter.

The Reserve Bank of India recommended the move, which is being seriously considered by the Finance Ministry, the people said, asking not to be identified as the details are private. Deliberations to ease the tax burden have gathered pace as authorities try to curb the rupee’s depreciation, they added.

The Finance Ministry and the Reserve Bank of India didn’t respond to emails seeking ...