MANU/APDR/0078/2015

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A. P. (DIR Series) Circular No. 19
                   RBI/2015-2016/198

Date : 06.10.2015

Notification/ Circulars Referred : Notification No. FEMA.20/2000- RB dated May 3, 2000 MANU/RFEM/0012/2000;A.P.(DIR Series) Circular No.111 dated June 12, 2013 MANU/APDR/0074/2013;A.P. (DIR Series) Circular No.99 dated January 29, 2014 MANU/APDR/0018/2014;A.P. (DIR Series) Circular No. 13 dated July 23, 2014 MANU/APDR/0084/2014

Citing Reference:
Notification No. FEMA.20/2000- RB dated May 3, 2000 MANU/RFEM/0012/2000  Referred

A.P.(DIR Series) Circular No.111 dated June 12, 2013 MANU/APDR/0074/2013  Referred

A.P. (DIR Series) Circular No.99 dated January 29, 2014 MANU/APDR/0018/2014  Referred

A.P. (DIR Series) Circular No. 13 dated July 23, 2014 MANU/APDR/0084/2014  Referred

To,

All Authorised Persons

Madam/ Sir,

Investment by Foreign Portfolio Investors (FPI) in Government Securities

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time. The limits for investment by foreign portfolio investors (FPI) in Government securities were last increased to USD 30 billion vide A.P.(DIR Series) Circular No.111 dated June 12, 2013. Subsequently, the allocation of limits between long term investors¹ and other FPIs was modified and the requirement of investment by FPIs in securities with minimum residual maturity of three years was put in place vide A.P. (DIR Series) Circular No.99 dated January 29, 2014 and