Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

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....PIs) Attention of Authorised Dealer Category-I (AD Category-I) 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. Reference is also invited to the following directions issued by the Reserve B....

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.... unchanged at 6 per cent, 2 per cent and 15 per cent respectively, of the outstanding stocks of securities for 2024-25. b.    As hitherto, all investments by eligible investors in the 'specified securities' shall be reckoned under the Fully Accessible Route (FAR) in terms of A.P. (DIR Series) Circular No. 25 dated March 30, 2020. c.    The allocation....

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....for the HY Oct 2024-Mar 2025 2,68,984 1,37,984 1,17,752 7,100 7,63,503 12,95,322 5. In terms of A.P. (DIR Series) Circular No. 23 dated February 10, 2022, the aggregate limit of the notional amount of Credit Default Swaps sold by FPIs shall be 5 per cent of the outstanding stock of corporate bonds. Accordingly, an additional limit of Rs.2,54,500 crore is set out for 2024-25. ....