Advertisement

HindustanTimes Thu,24 Apr 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

GM seeks US court protection against ignition lawsuits

General Motors Co filed a motion in a US court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved