 "RBI clarifies on foreign investments in India")
The Reserve Bank of India (RBI) on Friday clarified that foreign portfolio investors (FPIs) shall not be allowed to make any further investments in debt instruments having minimum initial and residual maturity of three years with an optionality clause exercisable within three years.
RBI had received inquiries about the recent announcement that future investments by FPIs in the debt market would be required to be made with a minimum residual maturity of three years. The regulator also clarified that FPIs shall be permitted to invest in amortised debt instruments, provided the duration of the instrument is three years and above.
RBI had received inquiries about the recent announcement that future investments by FPIs in the debt market would be required to be made with a minimum residual maturity of three years. The regulator also clarified that FPIs shall be permitted to invest in amortised debt instruments, provided the duration of the instrument is three years and above.
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