FPI norms in govt debt relaxed
For foreign portfolio investors (FPIs), the Reserve Bank of India (RBI) will be increasing the investment limit in governmnet securities to Rs. 1,79,500 crore by January 1,from the existing Rs. 1,53,500 crore. For state development loans(SDLs), the limit will be enhanced to Rs.7,000 crore by January 1; currently it is nill.
Easing norms for foreign ownership of government of government debt, the Reserve Bank of India (RBI) on Tuesday announced higher investment limits in rupee terms in government securities by FPIs with a view to bringing in an additional Rs.1.2 ;akh crore by March 2018.
Business Standard, New Delhi, 7th Oct. 2015