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of <h1>RBI Doubles Overseas Investment Limits for Banks to 50% of Tier 1 Capital or USD 25 Million.</h1> The Reserve Bank of India has revised the investment limits for banks in overseas markets. Banks are now permitted to invest up to 50% of their unimpaired Tier 1 capital or USD 25 million, whichever is higher, in overseas money market instruments and debt instruments. This is an increase from the previous limit of 25% or USD 10 million. Other existing instructions, including borrowing limits from overseas markets, remain unchanged. Amendments to the Foreign Exchange Management Regulations, 2000, will be notified separately. These directions are issued under the Foreign Exchange Management Act, 1999.
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