Govt raises bar for FIIs' investment in G-Sec

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Govt raises bar for FIIs' investment in G-Sec By TII News Service Nov 18, 2011 , New Delhi
THE Ministry of Finance has raised the bar of FIIs' investment in Govt securities to USD five billion more, raising the cap to USD 15 billion. Also the FIIs' investments in corporate bonds are to be increased by USD 5 billion raising the cap to USD 20 billion. As consequences of the changes to be made the enhanced total limit for FII investment in G-Sec would be USD 15 billion (from the existing limit of USD 10 billion) and the enhanced total limit for FII investment in corporate bonds would be USD 20 billion (apart from the USD 25 billion for long term infra bonds). Keeping in mind the India's evolving macroeconomic situation, monitoring the FIIs investments and considering the limitations of FII investments in Government securities and Corporate bond markets has made the government to consider changing the policy. The last enhancement in these investment limits for FII was done on September 23, 2010. SEBI is yet to issue a circular giving effect to these changes.

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