FPI Investment in Municipal Bonds
The Reserve Bank of India (RBI) issued a notification on 25 April 2019 allowing foreign portfolio investment (FPI) in municipal bonds (Muni Bonds). This was followed by a notification by the Securities and Exchange Board of India on 8 May 2019 also allowing FPI in Muni Bonds.
|
Time period |
Limit for SDL – General (in Rupees billion) |
|
|
|
Half year from April – September 2019 |
1,037 |
|
|
|
Half year from October 2019 – March 2020 |
1,151 |
|
- Shruti Singh (Partner)
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