FII investments in Debt Securities

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..... The Government of India has raised the cumulative debt investment limits from US $1.75 billion to US $2 billion and US $0.5 billion to US $1.5 billion for FII/Sub Account investments in Government securities and Corporate Debt, respectively. As mentioned in our Circular No. IMD/FII/19/2005 dated March 11, 2005 the limits are separate and not fungible. In view of the above, the following sh .....

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..... Govt. securities/ T-Bills 1.75 0.25 2.00 Corporate Debt 1.35 0.15 1.50 Total 3.50 2. Separate headrooms of USD 25 million and USD 15 million will be maintain .....

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..... . It is also clarified that the FIIs subscription to Commercial Papers would be within the ceiling of US $1.5 billion (earlier US $500 million) fixed for debt instruments (other than G-Sec and T-Bills). 4. The revised individual limits for investment in Government securities and limits for Corporate Debt will be advised to the 100% debt FIIs/ Sub Accounts separately. A copy of this circular .....

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