Wednesday October 7 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: India
Link: http://www.sebi.gov.in/cms/sebi_data/attachdocs/1444134671834.pdf
The Reserve Bank of India has announced a Medium Term Framework for Foreign Portfolio Investors limits in Government securities in consultation with the Government of India. It has been decided that the limits for FPI investment in debt securities shall be announced/fixed in rupee terms.
Further, it has been decided to enhance the limit for investment by FPIs in Government Securities as follows:
- Limit for FPIs in Central Government securities would be increased to INR 129,900 cr and INR 135,400 cr on October 12, 2015 and January 01, 2016 respectively from the existing limit of INR 124,432 cr.
- Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities would be increased to INR 36,600 cr and INR 44,100 cr on October 12, 2015 and January 01, 2016 respectively from the existing limit of INR 29,137 cr.
- There will be a separate additional limit for investment by all FPIs in State Development Loans (SDL). Debt limits of INR 3,500 cr each would be released on October 12, 2015 and January 01, 2016 respectively under this category.
Click on the link above for further details.