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India scraps capital gains tax on foreign investors in government debt to support rupee

NEW DELHI, June 5 (Reuters) – India said on Friday it would exempt foreign institutional investors and ​the Bank for International Settlements from capital gains ‌tax on receipts arising from interest or sale of government securities. The decision, announced through an executive order as Parliament is not in session, is aimed ​at attracting more stable foreign capital as the ​rupee has weakened over 5% this year amid elevated ⁠oil prices and equity outflows. Bond markets and the ​rupee were little changed after the announcement, which had been ​expected. The Income-tax (Amendment) Ordinance, 2026, promulgated by President Droupadi Murmu, amends Schedule

Indian companies willing to deepen presence in Venezuela, India’s oil minister says

June 5 (Reuters) – Indian companies are willing ​to deepen their ‌presence in Venezuela, Oil Minister ​Hardeep Singh ​Puri told Venezuela’s interim ⁠President Delcy ​Rodriguez when they ​met in New Delhi on Thursday. Rodriguez ​has invited ​an Indian energy delegation ‌to ⁠visit and explore opportunities in the South American ​country’s ​energy ⁠sector, India’s oil ministry ​said in ​a ⁠statement on Friday.

What to know about the deal between Israel and Lebanon extending their shaky ceasefire

BEIRUT, June 5, 2026 (AP) — Israel and Lebanon have agreed to renew their shaky ceasefire, with an aim to continue talks later this month for a comprehensive peace deal. The U.S.-brokered agreement, announced in a joint statement by the U.S., Israel and Lebanon Wednesday, comes after Israeli forces made their deepest incursion into Lebanon in more than a quarter century. But it includes several contentious points, including the creation of “pilot” security zones inside Lebanon from which the Iran-backed Hezbollah militant group that Israel has been fighting would be banned, and a stipulation about the group’s eventual disbanding. Lebanese

RBI keeps key policy rate on hold, despite falling currency

MUMBAI, June 5 (Reuters) – The RBI (Reserve Bank of India) on Friday kept its policy repo rate unchanged at 5.25%, opting to look past rupee weakness and ​assess the fallout from rising global energy costs on inflation and growth. Nearly 80% of 56 ‌economists polled by Reuters expected the RBI’s monetary policy committee to hold the repo rate. All six members of the rate panel, which includes three RBI officials and three external appointees, voted to hold rates. The MPC decided to continue with its “neutral” ​stance. “The RBI’s rate panel noted that the global environment has deteriorated,” RBI

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