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FII/QFI investments in Commercial Papers

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Full Text of the Document

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....April 01, 2013, SEBI had permitted FIIs and QFIs to invest upto US$ 3.5 billion in Commercial Papers within the Corporate Debt limit of US$ 51 billion. 2. The Reserve Bank of India has reduced the existing sub-limit for FII/QFI investment in Commercial Papersfrom USD 3.5 billion to USD 2 billion. 3. Accordingly, in partial modification of Para 4 of the SEBI circular CIR/IMD/FIIC/6/2013 dated....

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