ISSUING AUTHORITY : RESERVE BANK OF INDIA
DATE OF ISSUE : 29/01/2014
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. 99
Reserve Bank of India, in consultation with the Government, has decided to enhance the existing sub-limit of $5 billion available to long term investors – Sovereign Wealth Funds (SWFs), Multilateral Agencies, Pension/ Insurance/ Endowment Funds and Foreign Central Banks - registered with SEBI for investment in Government dated securities to $10 billion.
This doubling of the investment sub-limit is within the total limit of $30 billion available for foreign investments in Government securities. The operational guidelines in this regard will be issued by SEBI.
For detailed Circular, please follow the link below:
A.P. (DIR Series) Circular No.99
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