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TMI BlogInvestment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – ReviewX X X X Extracts X X X X X X X X Extracts X X X X ..... Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000 , as amended from time to time. Review of the Medium term Framework 2. The current Medium Term Framework (MTF) for FPI investm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... librate the Framework to meet the objective of a preference for long-term investors and also with a view to manage the macro-prudential implications of evolving capital flows, the MTF has been reviewed. Based on the review, the following modifications are made to the Framework. a. The overall cap of 5% for Central Government securities (G-Secs) and 2% for State Development Loans (SDLs) remain u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Securities and State Development Loans (SDLs) for the quarter July-September 2017 are increased by INR 110 billion and INR 61 billion, respectively, and allocated as under:- Limits for FPI investment in Government Securities (INR Billion) Central Government securities State Development Loans ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... minimum residual maturity of three years, will continue to apply. 8. The operational guidelines relating to allocation and monitoring of limits will be issued by the Securities and Exchange Board of India (SEBI). 9. AD Category I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 10. The directions contained in this circular have b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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