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........