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of <h1>SEBI Updates Foreign Portfolio Investment Rules: Excludes Overseas Rupee Bonds from Corporate Debt Limit, Sets Infrastructure Sub-Limit.</h1> The Securities and Exchange Board of India (SEBI) has revised the framework for Foreign Portfolio Investment (FPI) in corporate debt securities. Effective October 3, 2017, foreign investments in rupee-denominated bonds (RDB) issued overseas by Indian corporates are excluded from the Combined Corporate Debt Limit (CCDL), now renamed as the Corporate Debt Investment Limits (CDIL). The CDIL will be expressed only in rupee terms. A sub-limit for Long Term FPIs in the infrastructure sector is set at INR 9,500 crore from October 3, 2017, increasing to INR 19,000 crore by January 1, 2018. Existing conditions for FPI investments remain unchanged.
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