RBI Issues Draft on Core Investment cos. Foreign Outlay

The Reserve Bank of India (RBI) has proposed to allow core investment companies to invest up
to 200% of their owned funds in overseas financial assets and up to 400% of their funds in
overseas non-financial assets. The central bank said that core investment companies that are not under the purview of the Reserve Bank of India's (RBI) regulation will have to register with the bank if they wish to invest in financial assets overseas.