MUMBAI, April 3 (Reuters) - India's central bank on Thursday kept the investment limits unchanged for foreign portfolio investors (FPIs) in government and corporate bonds for the fiscal year 2025-26.
The Reserve Bank of India (RBI) maintained the existing caps of 6% for government securities, 2% for state government securities and 15% for corporate bonds for the current year starting April 1, the central bank said in a press release.
The general limit for foreign investment in government bonds would continue to be 2.79 trillion rupees ($32.71 billion) for April-September and 2.89 trillion rupees for October-March, the central bank said.
Foreign investments in corporate bonds would be permitted up to 8.22 trillion rupees for April-September and 8.80 trillion rupees for October-March, RBI added.
Currently, foreign investors have utilised 22.3% of their investment limit in government bonds and 15.7% limit in corporate bonds.
($1 = 85.3000 Indian rupees)
Reporting by Siddhi Nayak; Editing by Vijay Kishore
Source: Reuters