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
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