India relaxes FII sub-limit in govt bonds by $5b - RBI

Tags: News
India relaxed its limits for foreign investors in government debt by allowing $5 billion more in a sub-category while reducing the same amount from its long-term investor category, the Reserve Bank of India said on Wednesday.

Foreign institutional investors (FIIs) will need to buy government bonds with a minimum three-year maturity while there will not be any lock-in period, the RBI said in a release.

EDITORIAL OF THE DAY

  • Mental illness needs to be treated not dismissed as madness

    We’re all mad here.” So said the Cheshire cat to Alice (Alice in Wonderland, Lewis Carol). It’s a matter of perspective who we call mad.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Sanskrit: a victim of academic schizophrenia

J Robert Oppenheimer, the father of the atomic bomb and ...

Zehra Naqvi

God save the child

Childhood is supposed to be the best phase in life. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture