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TMI BlogInvestments by FPIs in Government securitiesX X X X Extracts X X X X X X X X Extracts X X X X ..... th Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for FPI limits in Government securities in consultation with the Government of India. Accordingly, SEBI had issued circular CIR/IMD/FPIC/8/2015 dated October 06, 2015 regarding the allocation and monitoring of FPI debt investment limits in Government securities. 2. As announ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r investment by all FPIs in State Development Loans (SDL) shall be enhanced to INR 10,500 cr on April 04, 2016 and INR 14,000 cr on July 05, 2016 respectively from the existing limit of INR 7,000 cr. 3. Accordingly, the revised FPI debt limits would be as follows: Type of Instrument Present Upper Cap (INR cr) Revised Upper Cap with effect f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was conducted on the exchange platform on March 28, 2016. In accordance with Para 5(d) of SEBI circular CIR/IMD/FIIC/19/2014 dated October 09, 2014, FPIs have an utilisation period of 15 days within which they have to make the investments. Since the auction being conducted on April 04, 2016 is a special auction for allocation of additional limits, the unutilised limits from the auctions of March ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... decided that from the next half-year onwards i.e. from October 01, 2016, any unutilised limit within the Government debt limit for Long Term FPIs, at the end of the half-year, shall be made available for investment as additional limit to all categories of FPIs for the subsequent half-year. 8. All other existing terms and conditions, including the security-wise limits, investment of coupons bei ..... X X X X Extracts X X X X X X X X Extracts X X X X
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