FIIS INVESTMENT LIMIT IN DEBT PAPER HIKED

Securities and Exchange Board of India (SEBI) has informed that that the existing Foreign Institutional Investment (FII) limit of $ 2 billion in Government securities or treasury bills has been enhanced to $2.6 billion. However, the FII limit in corporate debt remains unchanged at $ 1.5 billion. The enhanced limit for debt investment will be applicable only to those Foreign Institutional Investors who invest 100% of their corpus in debt papers.