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<h1>SEBI Raises FII Investment Limits in Govt, Corporate Infrastructure Debt; New Auction Set for July 4, 2012.</h1> The Securities and Exchange Board of India (SEBI) has announced an increase in the investment limits for Foreign Institutional Investors (FIIs) in government and corporate long-term infrastructure debt. The government debt limit is raised by USD 5 billion to USD 20 billion, with a reduction in residual maturity from five to three years. For corporate debt, the lock-in period is reduced to one year, and the residual maturity at purchase must be at least fifteen months. These limits will be allocated via an electronic auction, with specific caps on allocations per entity. The auction is scheduled for July 4, 2012.