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FII sub-limit in govt bonds eased by $5 bn

FII sub-limit in govt bonds eased by $5 bn

Foreign institutional investors (FIIs) will need to buy government bonds with a minimum three-year maturity while there will not be any lock-in period, the RBI said in a release. 

Suvashree Dey Choudhury and Neha Dasgupta
  • Updated Jul 24, 2014 1:30 PM IST
FII sub-limit in govt bonds eased by $5 bn

India relaxed its limits for foreign investors in government debt by allowing $5 billion more in a sub-category while reducing the same amount from its long-term investor category, the Reserve Bank of India said on Wednesday.

Foreign institutional investors (FIIs) will need to buy government bonds with a minimum three-year maturity while there will not be any lock-in period, the RBI said in a release.
 
(Reuters)

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Published on: Jul 23, 2014 7:25 PM IST
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