FII investment limit for government bonds in rupee terms instead of dollar as it would provide more headroom for investments by foreign investors. Currently, the investment limit for G-sec by FIIs is USD 30 billion annually. Out of the USD 30 billion, FIIs are allowed to invest USD 25 billion, whereas USD 5 billion is for long-term investors. "Finance Ministry favours setting FII limit in government bonds in rupee terms. Earlier, the Reserve Bank of India had suggested the Ministry to set Foreign Institutional Investors (FIIs) limits for investment in government securities in domestic currency. The calculation in rupee term would provide higher headroom for investment and result in greater inflow of foreign currency. The RBI and the government has been trying to attract foreign investment. This is also necessary to keep the rupee stable against dollar. Indian Rupee has been depreciating against dollar for past few weeks. Today it fell by two paise to 63.64 per dollar. The country's foreign exchange reserves rose by USD 1.57 billion to USD 354.29 billion for the week ended June 12. The overall reserves rose by USD 239.4 million to USD 352.713 billion in the previous reporting week.
About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
0 comentários:
Post a Comment