Foreign investment limit for government securities expanded for SEBI registered long term investors; SEBI to issue operational guidelines. The Reserve Bank increased the permissible foreign investment ceiling in government dated securities for SEBI registered long term investors - including sovereign wealth funds, multilateral agencies, pension, insurance and endowment funds, and foreign central banks - for purchases on a repatriation basis, while retaining all other existing investment conditions; SEBI will issue operational guidelines and AD Category I banks must inform their constituents; directions are issued under sections 10(4) and 11(1) of FEMA.
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Foreign investment limit for government securities expanded for SEBI registered long term investors; SEBI to issue operational guidelines.
The Reserve Bank increased the permissible foreign investment ceiling in government dated securities for SEBI registered long term investors - including sovereign wealth funds, multilateral agencies, pension, insurance and endowment funds, and foreign central banks - for purchases on a repatriation basis, while retaining all other existing investment conditions; SEBI will issue operational guidelines and AD Category I banks must inform their constituents; directions are issued under sections 10(4) and 11(1) of FEMA.
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