Categories: Banking

RBI reopens Voluntary Retention Route with investment limit of Rs 2,50,000 cr

The Reserve Bank of India had introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) in debts in 2019 with an investment limit of Rs 1,50,000 crore. Out of this, around Rs, 1,49,995 crore have been availed so far in three tranches. Now RBI has increased this investment limit in VRR from Rs. 1,50,000 crore to Rs. 2,50,000 crore.

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The increased investment limits shall be open for allotment from April 01, 2022 as per the following details:

  • The investment limit under VRR has been increased to Rs 2,50,000 crore.
  • The investment limit available for fresh allotment shall accordingly be Rs 1,04,800 crore (net of extant allotments and adjustments); and shall be allotted under the VRR–Combined category.
  • The minimum retention period shall be three years.
  • Investment limits shall be available ‘on tap’ and allotted on a ‘first-come, first-served basis.
  • The ‘tap’ shall be kept open till the limit is fully allotted.
  • FPIs may apply for investment limits online to Clearing Corporation of India Ltd. (CCIL) through their respective custodians.
  • CCIL will separately notify the operational details of the application process and allotment.

Important takeaways for all competitive exams:

  • RBI 25th Governor: Shaktikanta Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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