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News Finance & Money Markets

  • Jul 22, 2014
  • Bonds rally on talk of FII debt limit tweak

    Benchmark bonds rallied on Monday on reports that RBI could raise the amount foreign institutional investors can buy in government debt by tweaking some of the sub-categories, while keeping the overall limit intact.
    Reports said the government could raise the limit to which FIIs can buy government debt by $5 billion to $25 billion, while reducing the portion that long-term investors can buy to $5 billion from $10 billion. The tweaks would keep the overall FII limit for government debt investments at $30 billion.

    Source - http://www.financialexpress.com