Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) - ଆରବିଆଇ - Reserve Bank of India
Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
RBI/2021-22/44 May 31, 2021 To, Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) 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. 2. A reference is also invited to the following directions issued by the Reserve Bank: a) A.P. (DIR Series) Circular No. 25 dated March 30, 2020; b) Circular No. FMRD.FMSD.No.25/14.01.006/2019-20 dated March 30, 2020; c) A.P. (DIR Series) Circular No. 30 dated April 15, 2020; and d) A.P. (DIR Series) Circular No. 14 dated March 31, 2021. 3. Investment Limits for FY 2021-22
4. Accordingly, the revised limits (in absolute terms) for the different categories, including the limits for corporate bonds announced, vide A.P. (DIR Series) Circular No. 14 dated March 31, 2021, shall be as under (Table 1):
5. AD Category – I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approval, if any, required under any other law. Yours faithfully (Dimple Bhandia) |