Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates
Foreign investment by all foreign investors in Overseas Rupee Denominated bonds of Indian Corporates will have to be within the Combined Corporate Debt limit of INR 244,323 crores. This includes the amount invested by Foreign Portfolio Investors(FPIs) also. However, the SEBI (Foreign Portfolio Investors) Regulations 2014 will not be applicable for any investment made by FPIs in Rupee Denominated bonds.
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