BUDGET 2015
Co-Sponsor
Industry Impact Partner
Associate Sponsor

India relaxes quota rules for buying Govt debt for foreigners

Currently, to invest in Indian govt bonds, FIIs are required to buy debt quotas through a monthly auction
Comment E-mail Print Share
First Published: Fri, Sep 13 2013. 05 48 PM IST
Earlier this year, corporate debt was taken off the auction mechanism as well, and made available “on-tap” to attract inflows. Photo: Mint
Earlier this year, corporate debt was taken off the auction mechanism as well, and made available “on-tap” to attract inflows. Photo: Mint
Mumbai: Foreign investors will be able to buy Indian government debt securities without having to bid for a quota, India’s market regulator said on Friday.
Foreign institutional investors (FIIs) would have the option to buy debt securities on-tap, until 90% of the total available limit of $25 billion of government debt is reached.
Once the 90% limit is breached, government debt will be sold in an auction to investors.
Currently, to invest in Indian government bonds, FIIs are required to buy debt quotas through a monthly auction.
Earlier this year, corporate debt was taken off the auction mechanism as well, and made available “on-tap” to attract inflows.
Comment E-mail Print Share
First Published: Fri, Sep 13 2013. 05 48 PM IST
More Topics: FIIs | Govt bonds | Sebi | market regulator |
blog comments powered by Disqus
  • Wed, Feb 25 2015. 05 54 PM
  • Wed, Feb 18 2015. 04 50 PM
Contact Us
Copyright © 2015 HT Media All Rights Reserved