IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2017 | Removal date: 03 Jul 2017
Still in force

Controls on commercial transactions and investment instruments

The investment limit for Foreign Portfolio Investors (FPIs) in Central Government Securities has been increased from INR 2200 billion to INR 2310 billion and in State Development Loans from INR 210 billion to INR 270 billion. Within the investments in Central Government Securities, the limit for FPIs in the General Category is increased from INR 1520 billion to 1565 billion while the limit for FPIs in the Long Term category has been increased from INR 680 billion to INR 745 billion.

On 3 April 2017, the Securities and Exchange Board of India through Circular MD/FPIC/CIR/P/2017/30 notified these revised limits with increases in the General Category from INR 1520 billion to 1849 million and a reduction in the Long Term Category from INR 680 billion to INR 461 billion. However, the increase in total investment limit remains the same.

These limits are applicable for the April - June 2017 quarter.

AFFECTED COUNTRIES

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