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Oct 07, 2015
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Sebi issues norms to hike FPI investment limit
With the Reserve Bank of India (RBI) easing foreign ownership in government debt, markets regulator Securities and Exchange Board of India (Sebi) on Tuesday issued detailed guidelines for hiking the overseas investment limits in such securities to Rs 1,86,500 crore by January 1, 2016. Sebi has said there will be a separate limit for investment by all Foreign Portfolio Investors (FPIs) in the state development loans (SDLs). It has been decided to enhance the limit for investment by FPIs in government securities in two tranches from October 12, 2015 and January 1, 2016. "Debt limits of Rs 3,500 crore each would be released on October 12, 2015 and January 1, 2016, respectively under this category," it added. In addition, Sebi said that the limit for FPIs in central government securities would be hiked to Rs 1,29,900 crore and Rs 1,35,400 crore on October 12 and January 1, 2016, respectively, from the existing limit of Rs 1,24,432 crore.
Source -
http://www.business-standard.com
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