TaxTMI 
TaxTMI 
Investment by Foreign Portfolio Investors (FPI) in Government Securities
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....Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time. The limits for investment by foreign portfolio investors (FPI) in Government securities were last increased to USD 30 billion vide A.P.(DIR ....
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....nounced/ fixed in Rupee terms. The limits for FPI investment in the Central Government securities will be increased in phases to reach 5 per cent of the outstanding stock by March 2018. In aggregate terms, this is expected to open up room for additional investment of Rs. 1,200 billion in the limit for Central Government securities by March 2018 over and above the existing limit of Rs. 1,535 bil....
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....er this limit may continue but not get replenished through fresh purchases by FPIs till these fall below 20%. 3. Accordingly, for the current financial year, it has been decided to enhance the limit for investment by FPIs in Government Securities in two tranches from October 12, 2015 and January 1, 2016 respectively as under: (Rs. in billion) Central Government securities Sta....
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....or now. 5. All other existing conditions, including investment of coupons being permitted outside the limits and investments being restricted to securities with a minimum residual maturity of three years, will continue to apply. 6. Further operational guidelines relating to allocation and monitoring of limits will be issued by the Securities and Exchange Board of India (SEBI) 7. AD Catego....