Mumbai: Reserve Bank of India, in consultation with the Government, has decided to enhance the existing sub-limit of $5 billion available to long term investors - sovereign wealth funds, multilateral agencies, pension/ insurance/ endowment funds and foreign central banks - registered with the Securities and Exchange Board of India for investment in Government dated securities to $10 billion.
This doubling of the investment sub-limit is within the total limit of $30 billion available for foreign investments in Government securities, the RBI said in a notification. The operational guidelines in this regard will be issued by SEBI.
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