RBI announces steps to boost economy - NewsX

To arrest the rupee slide, RBI today increased FII limit in government bonds to USD 20 billion, while allowing up to USD 10 billion from overseas borrowings by India Inc for refinancing rupee loan. Long term investors like Sovereign Wealth Funds (SWFs), multilateral agencies, endowment funds, insurance funds, pension funds and foreign central banks would be allowed to invest in government debts up to USD 20 billion, RBI said in a notification. The decisions have been taken "in consultation with the government," RBI said, adding that they will widen foreign investor base for government securities (G-Secs).
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