Govt to reduce lock-in period for infra bonds

INDIA-RUPEE-INFRA-BONDS:India to reduce lock-in period for infra bonds: official

India will reduce the lock-in period for foreign investment in some long-term infrastructure bonds to one year from three years, a finance ministry official said on Monday.

Asia's third-largest economy took a handful of measures to prop up the embattled rupee on Monday, including increasing the limit on foreign investment in government bonds by $5 billion to $20 billion.