INDIA: SEBI increase threshold for India foreign portfolio investment

Friday July 25 2014

SEBI has amended investment limits for foreign portfolio investors (FPI) in government securities (G-Secs) by increasing the threshold for general investors from $20 billion to $25 billion.

At the same time, the sub-limit for longer time FPIs such as sovereign funds has been reduced by $5 billion. The overall cap remain unchanged at $30 billion. The previous cap of $10 billion had been utilised by only approximately 20% in this category. The $20 billion limit for general FPIs has been always fully exhausted. The decision comes after Reserve Bank of India (RBI) relaxed sub-limit for foreign institutional investors (FIIs) in government bonds by $5 billion.

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