FPI investment limits increased for central and state government securities in two tranches; SEBI to issue guidelines. Investment limits for FPIs in Central Government Securities and State Development Loans are increased in two scheduled tranches, raising aggregate caps for All FPIs and providing additional allocation for Long Term FPIs. Existing conditions continue: security-wise limits remain, coupons may be invested outside the limits, and investments are restricted to securities with a minimum residual maturity of three years. SEBI will issue operational allocation and monitoring guidelines; separate communication will address transfer of unutilised Long Term FPI allocation. Directions are issued under the Foreign Exchange Management Act without prejudice to other approvals.
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FPI investment limits increased for central and state government securities in two tranches; SEBI to issue guidelines.
Investment limits for FPIs in Central Government Securities and State Development Loans are increased in two scheduled tranches, raising aggregate caps for All FPIs and providing additional allocation for Long Term FPIs. Existing conditions continue: security-wise limits remain, coupons may be invested outside the limits, and investments are restricted to securities with a minimum residual maturity of three years. SEBI will issue operational allocation and monitoring guidelines; separate communication will address transfer of unutilised Long Term FPI allocation. Directions are issued under the Foreign Exchange Management Act without prejudice to other approvals.
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