Permitting Foreign Portfolio Investors (FPI) to invest in Municipal Bonds

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..... he Stock Exchanges (BSE, NSE and MSEI) Dear Sir / Madam, Subject: Permitting Foreign Portfolio Investors (FPI) to invest in Municipal Bonds 1. RBI vide A.P. (DIR Series) Circular No. 33 dated April 25, 2019 has permitted FPIs to invest in municipal bonds. 2. It is decided that in accordance with the provisions of Regulation 21(1)(p) of SEBI (Foreign Portf .....

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