Foreign investment in India by Foreign Portfolio Investors

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..... etary Policy Statement, 2014-15, issued on February 03, 2015 and A.P. (DIR Series) Circular No. 71 dated February 03, 2015 in terms of which all future investments by registered Foreign Portfolio Investors (FPIs) in the debt market in India will be required to be made with a minimum residual maturity of three years. 2. In this context, the Reserve Bank has been receiving some enquiries about .....

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..... s with optionality clause exercisable within three years. c. Query: The applicability of these guidelines on amortised debt instruments having average maturity of three years and above. Clarification: FPIs shall be permitted to invest in amortised debt instruments provided the duration of the instrument is three years and above. 3. Any arrangement that negates any of the above shall n .....

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