FII Investment in Debt Securities

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..... 14 /2004 dated March 19, 2004, we had informed the continuation of cap of US $1 billion for investment by 100% debt FIIs in debt securities and investment under the 70:30 route in dated Government securities and treasury bills for the year 2003-04. The Government of India has since raised the cumulative debt investment limit for the FIIs/Sub-Accounts from US $1 billion to US $1.75 billion. In vie .....

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..... e expiry of which the validity will lapse. 3. Individual debt investment limits earlier allocated for 100% FIIs/Sub-Accounts will be realigned based on the remaining available limit of US$ 1550 million out of the overall cap of US $1.75 billion and the revised limits will be advised to the 100% debt FIIs/Sub-Accounts separately. A copy of this circular is available at the web page "F.I.I.&q .....

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