FPI Investment Limit In Government Securities Hiked
Posted on:10 Apr 2018 11:54:30
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10 April 2018 Current Affairs: In a move that could temporarily soften bond yields, the Reserve Bank of India, in consultation with the Government, hiked the foreign portfolio investors (FPI) investment limit in Central government securities (G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and 6% in FY2020.
The hike comes in the wake of 99.31% of the upper FII investment limit in G-Secs of Rs1,91,300 crore getting utilized.
The FPI investment in State Development Loans (SDLs) has been left unchanged at 2% of outstanding stock of securities.
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