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India's RBI says foreigners can reinvest govt bond coupons on entire $30 bln
February 5, 2015 / 1:02 PM / 3 years ago

India's RBI says foreigners can reinvest govt bond coupons on entire $30 bln

MUMBAI, Feb 5 (Reuters) - Reserve Bank of India said foreign investors can re-invest coupons of government bonds on the entire $30 billion limit, effective immediately.

Reinvestment of coupons will be above the permissible $30 billion foreign investment limit for government bonds, the RBI said.

The RBI in its monetary policy had allowed long-term foreign investors to reinvest their coupons in government bonds. (Reporting by Suvashree Dey Choudhury; Editing by Prateek Chatterjee)

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