Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework - ربی - Reserve Bank of India
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework
RBI/2018-19/152 March 27, 2019 To, All Authorised Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified vide Notification No. FEMA.20(R)/2017-RB dated November 07, 2017, as amended from time to time and the relevant directions issued thereunder. A reference is also invited to AP (DIR Series) Circular No. 22 dated April 6, 2018 on the captioned subject. 2. Revision of investment Limits for 2019-20
3. Accordingly, the revised limits for the various categories, after rounding off, would be as under (Table 1): 4. AD Category – I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. 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 (T. Rabi Sankar) |