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RBI says foreigners can reinvest govt bond coupons on entire $30 bln
February 5, 2015 / 1:07 PM / in 3 years

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

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

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

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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