IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2018 | Removal date: 06 Apr 2018
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 2500 billion (USD 38.7 billion) to INR 2564 billion (USD 39.7 billion) and in State Development Loans from INR 393 billion (USD 6.1 billion) to INR 451 billion (USD 7 billion). Within the investments in Central Government Securities, the limit for FPIs in the General Category is increased from INR 1897 billion (USD 29.3 billion) to 1913 billion (USD 29.6 billion) while the limit for FPIs in the Long Term category has been increased from INR 603 billion (USD 9.3 billion) to INR 651 billion (USD 10.1 billion). Within the investments in State Development Loans, the limit for FPIs in the General Category is increased from INR 300 billion (USD 4.6 billion) to 315 billion (USD 4.9 billion) while the limit for FPIs in the Long Term category has been increased from INR 93 billion (USD 1.4 billion) to INR 136 billion (USD 2.1 billion).

These limits are applicable from 1 January 2018.

* INR to USD conversion at 1 USD = INR 64.56

AFFECTED COUNTRIES

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