RBI allows foreigners to invest in infra debt funds

RBI allows foreigners to invest in infra debt funds

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.

The initial maturity of the securities at the time of first investment will be five years with a lock-in period of three years.

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