RBI announces numerous measures to enhance forex inflows while ensuring overall macroeconomic and financial stability

RBI has made numerous measures to enhance forex inflows while ensuring overall macroeconomic and financial stability. The measures include easing norms for FPI investment in debt market, and increasing the ECB limit under the automatic route from USD 750 million or its equivalent per financial year to USD 1.5 billion. Further, the RBI has relaxed FPI investment norms in government bonds. New bond issuances of 7-year and 14-year maturity would be made eligible for the Fully Accessible Route.RBI has made numerous measures to enhance forex inflows while ensuring overall macroeconomic and financial stability. The measures include easing norms for FPI investment in debt market, and increasing the ECB limit under the automatic route from USD 750 million or its equivalent per financial year to USD 1.5 billion. Further, the RBI has relaxed FPI investment norms in government bonds. New bond issuances of 7-year and 14-year maturity would be made eligible for the Fully Accessible Route.taxmann.com Latest Statutory HappeningsRead More

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