NEW DELHI, April 6 -- The Government of India issued the following FEMA circular:
RBI/2026-27/07
A.P. (DIR Series) Circular No. 05
April 06, 2026
To,
All Authorised Persons
Madam / Sir
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019 as amended from time to time and the relevant Directions issued thereunder. Reference is also invited to the Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 dated Janu...