Home Business RBI relaxes norms for overseas investment in bonds to elicit investor’s interest

RBI relaxes norms for overseas investment in bonds to elicit investor’s interest

By
Lucky Jain
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480
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(G.N.S) Dt. 28 Mumbai The Reserve Bank of India has eased investment norms for overseas investors after weekly sovereign bond auctions partially failed to elicit investor interest. The central bank has withdrawn an investment cap that bars foreign portfolio investors (FPIs) from investing in Indian bonds with less than three-year

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