Latest News
-
Rs. 60/Share Dividend: Record Date On 28 June; Buy The Bajaj Group Stock For 600% Payout? -
Intraday Trade Call: Day Trading Stock Picks By Chandan Taparia Of Motilal Oswal On Thurday, 25 April -
Trade Setup: Nifty Continues Winning Streak Ahead of April F&O Expiry, Q4 Earnings In Focus -
Rs 10/Share Dividend: Record Date In Due Course; Buy The Banking Stock To Be Eligible? -
Stock Market Live Updates: Market Opens Lower; Nifty Dips Below 22,350, Sensex Sheds Over 200 Points -
Tech Mahindra Q4 Results Preview: Revenue May Fall, But Margins Seen To Expand; To Announce Dividend -
Rs. 7.75/Share Dividend: Record Date In Due Course; Buy The TATA Group Stock? -
Trade Call: Day Trading Stock Picks By Sumeet Bagadia of Choice Broking On Thursday, 25th April -
Swing Trading Guide: 3 Stock Picks By VLA Ambala On Thursday, 25th April -
HCL Tech Q4 Results, Dividend: EBIT Margins May Drop; Deal Wins, FY25 Guidance To Be Watched
RBI And Centre Double Debt Investment Limit For FPIs
The RBI in consultation with the centre has doubled the investment limit in debt by foreign portfolio investors. This is to gain more investment in corporate and government debt. Post the rejig, the revised investment limit under the 'voluntary retention route' (VRR) stands at Rs. 1.5 lakh crore. The limit will be allotted on first come first serve basis and will be provided "on tap".
Also, as per the revised norms, FPIs will be allowed to invest in ETFs that discretely invest in debt funds. The minimum retention is 3 years for such investments.
The new scheme shall be on offer from Friday with an investment limit of Rs. 90630 crore and will be allotted under the VRR category for both corporate and government debt. The 'tap' will be kept open till the limit is fully allotted.
The move has been taken at a time when the Indian economy has slowed to its lowest in 6 years, with the threat of furthermore ballooning of fiscal deficit.
GoodReturns.in
