Indian Depository Receipts

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The Indian government has taken several policy initiatives to gradually open up its financial markets to the foreign investors and allow its own citizens to invest in the foreign financial markets. These initiatives include permitting: (a)Indian firms to issue their Depositary Receipts (DRs) in the International markets in April 1992...
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These initiatives include permitting: (a)Indian firms to issue their Depositary Receipts (DRs) in the International markets in April 1992. (b) Indian mutual funds to invest in debt securities of select countries as well as launch overseas debt funds in February 2002...
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