Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates

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.... issued overseas by Indian Corporates 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had permitted Indian corporates to issue Rupee denominated bonds overseas within the ceiling of FPI investments in Corporate debt.RBI, vide A.P. (DIR Series) Circular No.17 dated September 29, 2015 had put in place the framework for issuance of Rupee denominated bo....

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....ors. All other extant terms and conditions with respect to FPI investments in Corporate debt shall continue to apply. 5. The criteria for foreign investments in Overseas Rupee denominated bonds shall be as defined by RBI from time to time. 6. The depositories (NSDL and CDSL) shall put in place the necessary systems for receiving data on foreign investments in Overseas Rupee denominated bonds fro....