Advertisement

HindustanTimes Fri,11 Jul 2014

Govt may raise FII holdings in bonds by $10 bn

HT Correspondent, Hindustan Times  New Delhi, January 22, 2013
First Published: 21:42 IST(22/1/2013) | Last Updated: 21:43 IST(22/1/2013)

The government is likely allow foreign institutional investors (FIIs) to invest up to $5 billion more each in Indian corporate and government bonds in a move to attract more capital to boost investment and halt the slowdown in the economy.

Advertisement

In December, government had raised the overall FII limit in Indian bonds to $75 billion.

The move will help ease the pressure on the government in completing its market borrowings and aid companies to raise more funds through bonds needed for expansion.

At present, the FII investment limit is capped at $20 billion for government securities, $20 billion for corporate bonds and $25 billion for infrastructure bonds.


Advertisement
more from Business

Infosys Q1 net up 21.6%; attrition rate at 19.5%

India's second largest software exporter Infosys has beaten estimates to report a 13.3% rise in net revenue at Rs 12,770 crore and 21.6% rise in net profit at Rs 2,886 crore for the first quarter of 2014-15 on year-on-year basis.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved