Sebi fixes Rs 2.44 lakh crore as combined debt limit for FPIs

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Markets regulator Sebi today fixed Rs 2,44,323 crore as the combined debt limit for all foreign investments in Rupee denominated bonds for FPIs. 

This includes bonds issued both onshore and overseas by Indian corporates. 

"The Rs 2,44,323 crore corporate debt limit for FPIs shall be redefined as the combined corporate debt limit for all foreign investments in Rupee denominated bonds issued both onshore and overseas by Indian corporates," Securities and Exchange Board of India (Sebi) said in a circular. 

However, these investments would not be treated as FPI investments and would not come under the purview of Sebi (ForeignPortfolio Investors) Regulations. 

This circular would come into effect immediately, the regulator said. 

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