MANU/APDR/0006/2020
Ministry : Reserve Bank of India
Department/Board : Financial Markets Regulation Department
Circular No. : A. P. (DIR Series) Circular No. 19
RBI/2019-2020/151
Date : 23.01.2020
Notification/ Circulars Referred : Notification No. FEMA. 396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019;A.P. (DIR Series) Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019 Notification No. FEMA. 396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019;A.P. (DIR Series) Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019
Citing Reference:
Notification No. FEMA. 396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019 Referred
A.P. (DIR Series) Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019 Referred
To
All Authorised persons
Madam / Sir,
'Voluntary Retention Route' (VRR) for Foreign Portfolio Investors (FPIs) investment in debt - relaxations
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time, and relevant directions issued thereunder. Attention is also invited to A.P. (DIR Series) Circular No. 34 dated May 24, 2019 (hereinafter Directions).
2. On a review, the f........