Investment by Foreign Portfolio Investors (FPIs) in Debt – Review

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....) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA.396/2019-RB dated October 17, 2019, as amended from time to time and the relevant Directions issued thereunder. 2. A reference is also invited to the following Directions issued by the Reserve Bank: a. A.P. (DIR Series) Circular No. 31 dated June ....

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....s and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR. 5. AD Category-I banks may bring the contents of the circular to the notice of their customers/constituents conce....