INDIA: Increase to India Foreign Indirect (FII) limits in government debt

Thursday June 13 2013

The Securities and Exchange Board of India has announced that there has been an increase to India foreign indirect (FII) limits in government debt which increases the Government Debt Limits by USD 5 billion, bringing the total amount to USD $30m. The limit shall be available for investments only to those FIIs which are registered with SEBI under the categories of Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks. However, the amount not utilized as of June 18, 2013 will be put on auction on June 20, 2013. Similar exercises shall continue on a monthly basis.

Click on the above link for the press release.