Investment in Overseas Markets

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..... ed to item (i) of paragraph 3 of A.P. (DIR Series) Circular No.40 dated April 29, 2002 in terms of which authorised dealers have been permitted to invest the undeployed FCNR(B) funds in overseas markets in long-term fixed income securities subject to the rating requirements stipulated in the A.P.(DIR Series) Circular No.19 dated January 24, 2002. 2. It has now been decided that authorised dealer .....

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