FPI investment limits revised for government securities and corporate bonds, reallocating increases and extending coupon reinvestment to state loans. Revision increases FPI investment ceilings for FY 2019-20 across central government securities, SDLs and corporate bonds; incremental G sec allocation is split 50:50 between 'General' and 'Long term', SDL increases are allocated to SDL 'General', and the coupon reinvestment arrangement for government securities is extended to SDLs. AD Category I banks must communicate the circular to constituents; directions are issued under statutory powers without prejudice to other required permissions.
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FPI investment limits revised for government securities and corporate bonds, reallocating increases and extending coupon reinvestment to state loans.
Revision increases FPI investment ceilings for FY 2019-20 across central government securities, SDLs and corporate bonds; incremental G sec allocation is split 50:50 between 'General' and 'Long term', SDL increases are allocated to SDL 'General', and the coupon reinvestment arrangement for government securities is extended to SDLs. AD Category I banks must communicate the circular to constituents; directions are issued under statutory powers without prejudice to other required permissions.
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