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

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....s) 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. Reference is also invited to the Master Direction - Reserve Bank of India (Non-reside....

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....ral' sub-category of SGSs. d. As hitherto, all investments by eligible investors in the 'specified securities' shall be reckoned under the Fully Accessible Route (FAR). e. With effect from April 01, 2026, all existing and future investments under the Voluntary Retention Route shall be subject to the investment limits stipulated for FPI investments under the General Route. 3. T....

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....corporate bonds. Accordingly, an additional limit of Rs.3,30,464 crore is set out for 2026-27. 5. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The A.P. (DIR Series) Circular No. 01 dated April 03, 2025, which notified the limits for investment in debt instruments and sale of Credit Default Swaps by FPIs for fina....