Finance min raises FII cap in G-secs, corp bonds by $5 bn each

Finance min raises FII cap in G-secs, corp bonds by $5 bn each

New Delhi: Government has raised the ceiling on foreign institutional investment in government and corporate bonds by $5 billion each, a finance ministry official said on Thursday.

The increase will see FII ceiling for government bonds rise to $15 billion.

The capital markets regulator, Securities and Exchange Board of India (Sebi), is expected to notify the decisions in the next few days, the official added.

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