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of <h1>RBI Updates Rupee Bond Guidelines: New Limits, Reduced Maturity, and Mandatory Reporting for Overseas Issuance.</h1> The Reserve Bank of India issued a circular revising guidelines for the issuance of Rupee-denominated bonds overseas. The foreign investment limit in corporate debt is now set in Rupee terms at Rs. 2443.23 billion. Entities can borrow up to Rs. 50 billion annually via these bonds without prior RBI approval, replacing the previous USD limit. Bonds must be issued in countries compliant with FATF and IOSCO standards and not listed by FATF for deficiencies. The minimum maturity period is reduced to three years. Reporting of transactions is mandatory, and prior agreements may proceed under previous rules. These changes are effective immediately.
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