|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
MUMBAI (Reuters) - The government will raise the limit on foreign investments in government and corporate bonds by $5 billion each, said a finance ministry official who declined to be named, in a move intended to attract more funds into the country.
India currently caps the total amount that foreign institutional investors can buy in domestic debt at $65 billion, which is distributed through categories of government, corporate and infrastructure bonds, some of which include tenor or lock-in restrictions.
The increase in limits will be effective in the next seven to ten days, the official said on Friday.
(Reporting by Arup Roychoudhury; Editing by Tony Munroe)