Jun 04, 2012 02:05 PM IST | Source: Reuters

Foreigners can buy USD 1bn Indian corp debt: Govt official

Foreign retail investors can invest in Indian corporate bonds as well as debt schemes for up to USD 1 billion, in addition to the existing $20 billion limit, the head of capital markets division in the finance ministry said.

Foreigners can buy USD 1bn Indian corp debt: Govt official

Foreign retail investors can invest in Indian corporate bonds as well as debt schemes for up to USD 1 billion, in addition to the existing USD 20 billion limit, the head of capital markets division in the finance ministry said.

Thomas Mathew also said he expects it would take about 6 to 18 months for the new capital flows into Indian debt to pick up.

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