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RBI to allow foreigners to invest in treasury bills issued by the Govt

RBI to allow foreigners to invest in treasury bills issued by the Govt

Tuesday, May 1, 2018, 8:31 PM

The Reserve Bank of India (RBI) said it will allow foreign portfolio investors (FPIs) to invest in treasury bills issued by the government, in its latest move to ease foreign investment rules. The RBIs announcement on Tuesday comes days after it withdrew a restriction that limited foreign investors to only investing in government and corporate bonds with tenures of three years or more.
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