×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

RBI allows foreigners to invest in infra debt funds

RBI allows foreigners to invest in infra debt funds
Comment E-mail Print Share
First Published: Tue, Nov 22 2011. 07 58 PM IST

Updated: Tue, Nov 22 2011. 07 58 PM IST
Mumbai: The Reserve Bank of India (RBI) on Tuesday said foreigners can invest in rupee and foreign currency denominated bonds issued by infrastructure debt funds (IDFs) which have been set up as non-banking financial firms.
Foreigners have also now been allowed to invest in rupee denominated units issued by IDFs set up as mutual funds, the RBI said in a notification on its website.
The initial maturity of the securities at the time of first investment will be five years with a lock-in period of three years.
Comment E-mail Print Share
First Published: Tue, Nov 22 2011. 07 58 PM IST