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: 04 Oct 2017 | Removal date: 31 Dec 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 2420 billion (USD 37.2 billion) to INR 2500 billion (USD 38.43 billion) and in State Development Loans from INR  331 billion (USD 5.1 billion) to INR 393 billion (USD 6.04 billion). Within the investments in Central Government Securities, the limit for FPIs in the General Category is increased from INR 1877 billion (USD 28.8 billion) to 1897 billion (USD 29.2 billion) while the limit for FPIs in the Long Term category has been increased from INR 543 billion (USD 8.3 billion) to INR 603 billion (USD 9.3 billion). Within the investments in State Development Loans, the limit for FPIs in the General Category is increased from INR 285 billion (USD 4.4 billion) to 300 billion (USD 4.6 billion) while the limit for FPIs in the Long Term category has been increased from INR 46 billion (USD 0.7 billion) to INR 93 billion (USD 1.43 billion).

These limits are applicable from 4 October 2017.

* INR to USD conversion at 1 USD = INR 65.05

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.