Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

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..... Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019 as amended from time to time and the relevant Directions issued thereunder. 2. Reference is also invited to the following directions issued by the Reserve Bank: a. A.P. (DIR Series) Circular No. 23 dated Febru .....

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..... 2025. c) The allocation of incremental changes in the G-Sec limit (in absolute terms) over the two sub-categories - 'General' and 'Long-term' - shall be retained at 50:50 for 2025-26. d) The entire increase in limits for SGSs (in absolute terms) has been added to the 'General' sub-category of SGSs. 4. The revised limits (in absolute terms) for the different categories, are in Table 1: Table .....

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..... ircular to the notice of their constituents and customers concerned. 7. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) without prejudice to permissions/approval, if any, required under any other law. Yours faithfully (Dimple Bhandia) Chief General Manager
Circular, Trade Notice, Public Noti .....

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