https://www.taxtmi.com/circulars?id=59947 The Reserve Bank introduces the Voluntary Retention Route allowing registered FPIs to invest in government or eligible corporate debt by accepting a Committed Portfolio Size and a Retention Period during which they must maintain a minimum proportion of the CPS on an end-of-day basis. Allocation is by tap or auction, with bids prioritised by retention period; limits constrain the share any single FPI or related FPIs may receive. VRR investments are additional to general limits, exempt from certain corporate bond restrictions, and permit limited repo use and derivative hedging. Custodians must monitor compliance and maintain separate accounts. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sat, 02 Mar 2019 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59947 The Reserve Bank introduces the Voluntary Retention Route allowing registered FPIs to invest in government or eligible corporate debt by accepting a Committed Portfolio Size and a Retention Period during which they must maintain a minimum proportion of the CPS on an end-of-day basis. Allocation is by tap or auction, with bids prioritised by retention period; limits constrain the share any single FPI or related FPIs may receive. VRR investments are additional to general limits, exempt from certain corporate bond restrictions, and permit limited repo use and derivative hedging. Custodians must monitor compliance and maintain separate accounts. Circulars FEMA Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59947