ANNOUNCEMENT 04 Oct 2017

The limit for investments by Foreign Portfolio Investors (FPIs) in Government Securities is increased from INR 2751 billion to INR 2893 billion from 4 October 2017.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Circular IMD/FPIC/CIR/P/2017/113 - Securities and Exchange Board of India
http://www.sebi.gov.in/legal/circulars/oct-2017/investments-by-fpis-in-government-securities_36165.html

Inception date: 04 Oct 2017 | Removal date: 31 Dec 2017

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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A