RBI Raises FPI Limit in G-Secs, State Development Loans

The Reserve Bank of India increased the limits for investment by foreign portfolio investors (FPIs) for the January-March 2018 quarter by Rs 6,400 crore in Central Government Securities (G-Secs) and Rs 5,800 crore in State development loans (SDLs).

With effect from January 1, 2018, the revised investment limit for FPIs in G-Secs will be Rs 2,56,400 crore against the existing limit of Rs 2,50,000 crore.

Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-

  • RBI current & 24th Governor- Dr. Urjit Patel, Headquarter- Mumbai, Nationalized in – 1949.
Source- The Hindu Business Line


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