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November 2016

A. P. (DIR Series) Circular No. 4 dated September30, 2016

By Gaurang Gandhi
Chartered Accountant
Reading Time 1 mins

Investment by 
Foreign  Portfolio  investors (FPI) in government Securities

This
circular has increased the limit for investments in Government Securities by
FPI in two tranches each of Rs. 100 billion from October 3, 2016 and January 2,
2017 as under, in the table below:

INR Billion

 

Central Government Securities

State Development Loans

Aggregate

 

For All FPIs

Additional for Long Term FPIs

Total

For all FPIs (including Long Term FPIs)

 

Existing Limits

1440

560

2000

140

2140

Revised limits with effect from
October 3, 2016

1480

620

2100

175

2275

Revised limits with effect from
January 2, 2017

1520

680

2200

210

2410

The operational guidelines relating to allocation
and monitoring of limits will be issued by the Securities and exchange Board of
india (SEBI).

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