FII investments in Debt Securities

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....Debt Securities The Government of India has raised the cumulative debt investment limits from US $1.75 billion to US $2 billion and US $0.5 billion to US $1.5 billion for FII/Sub Account investments in Government securities and Corporate Debt, respectively. As mentioned in our Circular No. IMD/FII/19/2005 dated March 11, 2005 the limits are separate and not fungible. In view of the above, th....

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....nt securities and Corporate Debt, respectively i.e. the FIIs/ Sub Accounts are free to invest till the total investment limit reaches USD 225 million and USD 135 million in Government securities and Corporate Debt, respectively. Thereafter, the approvals for limit allocation shall be granted as per the procedure mentioned in our Circular No. IMD/FII/16/2004 dated November 2, 2004. It is to be note....