FPI exposure limit removal expands investor access to Indian corporate bond market and permits higher single corporate allocations. Withdrawal of the 20 per cent single corporate exposure cap for Foreign Portfolio Investors in corporate bond portfolios; the restriction in paragraph 4(f)(ii) of AP (DIR Series) Circular No. 31 is rescinded with immediate effect to broaden investor access to the Indian corporate debt market. The instruction is directed to Authorised Dealer Category I banks under Schedule 5 of the FEMA Regulations, 2017 and issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.
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FPI exposure limit removal expands investor access to Indian corporate bond market and permits higher single corporate allocations.
Withdrawal of the 20 per cent single corporate exposure cap for Foreign Portfolio Investors in corporate bond portfolios; the restriction in paragraph 4(f)(ii) of AP (DIR Series) Circular No. 31 is rescinded with immediate effect to broaden investor access to the Indian corporate debt market. The instruction is directed to Authorised Dealer Category I banks under Schedule 5 of the FEMA Regulations, 2017 and issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.
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