Mumbai Sep 28 (IANS) The Reserve Bank of India (RBI) on Thursday said it will raise foreign portfolio investors (FPIs) investment limits in government bonds for the next quarter October-December 2017.
According to an RBI notification the limit will be raised by Rs 8 000 crore in central government securities and Rs 6 200 crore in state development loans.
"The revised limits will be effective from October 3 2017 " the RBI notification said.
"The operational guidelines relating to allocation and monitoring of limits will be issued by the Securities and Exchange Board of India (SEBI)."
--IANS
rv/dg
