Foreign investment in India by Foreign Portfolio Investors

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....ssued on February 03, 2015 and A.P. (DIR Series) Circular No. 71 dated February 03, 2015 in terms of which all future investments by registered Foreign Portfolio Investors (FPIs) in the debt market in India will be required to be made with a minimum residual maturity of three years. 2. In this context, the Reserve Bank has been receiving some enquiries about the applicability of the aforesaid dir....

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....s. c. Query: The applicability of these guidelines on amortised debt instruments having average maturity of three years and above. Clarification: FPIs shall be permitted to invest in amortised debt instruments provided the duration of the instrument is three years and above. 3. Any arrangement that negates any of the above shall not be in conformity with the provisions of the A.P. (DIR Series) ....