Mumbai: 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.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
