India Mounts Debt Limits Up To $5 Billion for Foreign Investors

Bangalore: Indian government officials have pulled up their socks to stabilize the condition of the Indian debt market. After the global investors started pulling out their money from the market, Securities and Exchange Board of India are trying some new measures to overcome the crisis.

After there have been drainage of $3 billion from the debt market in the past two weeks, SEBI has mounted the investment limits for global investors in government debt. In this increased limit, only long-term funds will be able to participate, as reported by Rafael Nam of Reuters.

Among the long term debt payers? foreign institutional investors who are registered with multilateral agencies along with sovereign wealth funds, endowment and pension funds will be able to purchase within the $5 billion increased limit, said SEBI. It was also revealed that the government debt will be provided on a first come first served basis.

However, the FIIs who have by now worn out their investment limit will have an only one-time chance to increase their debt investments by $250 million. Any FII who boosted their investment limit will also have a lock-in period of 90 days.

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Source: http://feedproxy.google.com/~r/si-finance/~3/6uCl6rpjTDs/India-Mounts-Debt-Limits-Up-To-5-Billion-for-Foreign-Investors-nid-148953.html

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