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Global Trade Alert

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India: Foreign portfolio investment allowed in municipal bonds

Description

On 25 April 2019, the Reserve Bank of India through Circular RBI/2018-19/176 A.P. (DIR Series) Circular No. 33 amended the policy for investments by Foreign Portfolio Investors (FPIs) in Debt. FPI's a...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

25 Apr 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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