Investments by FPIs in Government securities

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..... urth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 has announced a Medium Term Framework for FPI limits in Government securities in consultation with the Government of India. 2. It has been decided that the limits for FPI investment in debt securities shall henceforth be announced/fixed in rupee terms. 3. Further, it has been decided to enhance the limit for inve .....

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..... 016 respectively under this category. 4. Accordingly, the revised FPI limits would be as follows: Type of Instrument Present Upper Cap (INR cr) Revised Upper Cap with effect from October 12, 2015 (INR cr) Revised Upper Cap with effect from January 01, 2016 (INR cr) Government Debt 1 .....

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..... ot be permitted till the corresponding security-wise investments fall below 20%. 6. The Central Government securities in which the aggregate FPI investment is more than 20% of the outstanding would be placed in a negative investment category in which fresh investments would not be permitted. This negative investment list as well as the aggregate security-wise holdings by FPIs at the end of ever .....

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..... 5. All other existing terms and conditions pertaining to FPI debt limit auctions shall continue to apply. 10. The incremental limit of INR 7,463 cr for Long Term FPIs shall be available for investment on tap with effect from October 12, 2015. 11. The separate additional limit for SDLs shall also be available for investment on tap by FPIs with effect from October 12, 2015. 12. Investment o .....

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..... and Exchange Board of India Act, 1992. A copy of this circular is available at the web page Circulars on our website www.sebi.gov.in. Custodians are requested to bring the contents of this circular to the notice of their FPI clients. Yours faithfully, ACHAL SINGH Deputy General Manager Tel No.: 022-26449619 Email: [email protected] - Circular - Trade Notice .....

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