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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.


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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