RBI relaxes norms to woo FII investments in infrastructure sector

Last updated: 05 November 2011

To attract foreign funds in infrastructure, the Reserve Bank of India (RBI) on Thursday made investment in infra debt papers easier. Foreign institutional investors (FIIs) can now sell their investments in infrastructure bonds up to $5 billion (Rs.24,700 crore) in one year instead of waiting for three years. They can also invest in infrastructure bonds with different maturities instead of only investing in papers with a residual maturity of five years. Residual ma
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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