MUMBAI (Reuters) - Reserve Bank of India said foreign investors can re-invest coupons of government bonds on the entire $30 billion limit, effective immediately.
Reinvestment of coupons will be above the permissible $30 billion foreign investment limit for government bonds, the RBI said.
The RBI in its monetary policy had allowed long-term foreign investors to reinvest their coupons in government bonds.
(Reporting by Suvashree Dey Choudhury; Editing by Prateek Chatterjee)
