Finance Ministry today ruled out any increase in the investment limit by Foreign Institutional Investors (FIIs) in the government securities.
"We are not looking at increasing FII (investment) limit in government securities," Department of Economic Affairs Secretary Ashok Chawla told reporters here.
He further said that as only 65% of FII investment cap of $ 5 billion in government securities has been exhausted so far, there is no case for reviewing the limit.
Earlier in June, the government raised the FII investment limit in government securities to USD 5 billion from $3.2 billion.
Although the government has not hiked the investment limit in government securities, it has recently increased the FII investment cap in corporate debt to $ 6 billion from $ 3 billion to encourage flow of foreign investment.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app