February 5, 2015 / 1:07 PM / 3 years ago

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

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013.Danish Siddiqui/Files

MUMBAI (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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below