May 1, 2018 / 12:44 PM / a month ago

India cenbank allows foreign investors to invest in T-bills

MUMBAI, May 1 (Reuters) - India’s central bank has allowed foreign portfolio investors to invest in treasury bills issued by the federal government, in its latest move to ease foreign investment rules.

The Reserve Bank of India (RBI) set the implementation date of online monitoring of the limits in treasury bills as June 1, it said here on Tuesday. (Reporting by Suvashree Dey Choudhury and Tanvi Mehta; Editing by Amrutha Gayathri)

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