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Govt looking to ease foreign investment limits in govt bonds: Report

India currently has limits on the amount of govt and corporate bonds foreign investors can hold, and controls on the rupee's convertibility, too.

Michael Bloomberg has said his firm would help India towards including its bonds in global benchmark indices. (Photo:Reuters)
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Michael Bloomberg has said his firm would help India towards including its bonds in global benchmark indices. (Photo:Reuters)

Reuters New Delhi/Mumbai
India is looking to ease foreign investment limits in government bonds, as it seeks to get its securities included in global bond indexes in the next two years, three government officials with knowledge of the matter told Reuters.
 
New Delhi is considering creating a special window for foreign passive investors that focus on index investing, one of the officials added, even as it seeks to counter the risk posed by hot money flows from more actively managed funds.
 
The investors in the new window will not face the same caps as India currently has on such investments from foreign portfolio

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First Published: Sep 27 2019 | 11:01 PM IST

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