FIIS GET TO INVEST $10 BILLION MORE IN DEBT MARKET

The government permitted FIIs to put in an additional $10 billion in corporate and government papers. The move to raise the investment limit for FIIs will deepen the domestic debt market, helping infrastructure companies. The marginal cut in government's market borrowing by Rs 10,000 crore will help the domestic private sector to raise capital at competitive rates and reduce the fiscal deficit