HomeNewsBusinessPersonal FinanceWill limit on overseas investments by MFs be enhanced, now that RBI Guv is happy with forex reserves?

Will limit on overseas investments by MFs be enhanced, now that RBI Guv is happy with forex reserves?

Abhinav Kaul • August 09, 2024 / 12:36 IST

India’s forex reserves reached a historical high of $675 billion, as of August 2, 2024, said RBI governor Shaktikanta Das in his monetary policy speech on August 8. MF industry experts say this is the right time to increase investment limits in foreign securities by MFs.

RBI has an industry-wide limit of $7 billion on investments in overseas securities, and a limit of $1 billion on individual fund houses.

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