https://www.taxtmi.com/circulars?id=53935 A phased rupee denominated Medium Term Framework increases aggregate FPI limits in Central Government securities and establishes a separate phased limit for SDLs, while preserving the requirement that FPIs invest only in securities with a minimum residual maturity of three years. Aggregate FPI holdings in any Central Government security are capped at 20%; securities exceeding that threshold will be placed on a negative investment list and barred from fresh FPI purchases until holdings decline. Operational monitoring is day end based and further guidelines will be issued by the securities regulator. en-us Tue, 06 Oct 2015 00:00:00 +0530 Tue, 06 Oct 2015 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53935 A phased rupee denominated Medium Term Framework increases aggregate FPI limits in Central Government securities and establishes a separate phased limit for SDLs, while preserving the requirement that FPIs invest only in securities with a minimum residual maturity of three years. Aggregate FPI holdings in any Central Government security are capped at 20%; securities exceeding that threshold will be placed on a negative investment list and barred from fresh FPI purchases until holdings decline. Operational monitoring is day end based and further guidelines will be issued by the securities regulator. Circulars FEMA Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53935