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FM considers raising FII investment sub-limit in govt bonds

Currently, India allows FIIs of up to $30 billion in government bonds, including $20 billion for all and $10 billion for specific investors

July 22, 2014 2:56 IST | India Infoline News Service
The Ministry of Finance is considering to increase FII (foreign institutional investor) investment sub-limit in its bonds to $25 billion without impacting the overall $30 billion FII debt cap, according to a media report.
However, there is no intention to increase the overall $30 billion FII debt cap, the report added.
Currently, India allows FIIs of up to $30 billion in government bonds, including $20 billion for all and $10 billion for specific investors like foreign central banks, sovereign wealth funds, pension funds and insurance funds.

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