INDIA: FII cap on India foreign investment in Government Securities to be lifted

Tuesday October 18 2011

It is being reported that that the $10 billion cap on India FFI in Government securities is to be raised for India foreign investment. We would soon look at it. We need more money. We first have to see if FII net inflow is good, then a decision could be taken, a senior Finance Ministry official said.It is also being reported that that the rationalization of the Securities Transaction Tax may not be introduced until next years budget.

This information will be updated as further details become available.