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of <h1>Investment Cap for FPIs Doubled to Rs. 1.5 Lakh Crores Under VRR; ETFs Investment Permitted.</h1> The circular announces relaxations for Foreign Portfolio Investors (FPIs) under the Voluntary Retention Route (VRR) for investment in debt. The investment cap is increased from Rs. 75,000 crores to Rs. 1,50,000 crores. FPIs with allotted limits under VRR can transfer investments from the General Investment Limit to VRR at their discretion. Additionally, FPIs are permitted to invest in Exchange Traded Funds that focus solely on debt instruments. These changes are issued under the Foreign Exchange Management Act, 1999, and are subject to other applicable permissions or approvals.
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