SEBI AMENDS FPI NORMS FOR GOVT BONDS

Looking to increase fund flows from overseas investors, the Securities and Exchange Board of India (Sebi) on Thursday allowed Foreign Portfolio Investors (FPIs) to invest their coupons received on investments in government securities back into such bonds. These investments would be allowed even after FPIs have fully utilized the applicable limits of $30 billion, Sebi said in a circular.

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