FII investments in Debt Securities

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....umulative 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, the following shall be applicable with immediate effect: 1. Th....

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....tively. 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 noted that the Board reserves the right to withdraw unused allocation, in case there is demand from any FII, in order to enable optimum use of the allocations. 3. Further, it has now been clarified by the Government of India....