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ECB Limit

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....am, Sub: ECB Limit Please refer to our Circular No. IMD/FII/ 16 /2004 dated November 2, 2004, whereby, it was informed that the cumulative debt investment limit for the FIIs/Sub-Accounts was increased from US $1 billion to US $1.75 billion. It has now been clarified by the Ministry of Finance, Government of India that the cap of US $1.75 billion will be applicable to FIIs investment in da....

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