Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1823)
1823.
On 1 May 2018, the RBI permitted Foreign Portfolio Investments to invest in which of the following?
Answer: Option
Explanation:
Easing foreign investment rules, the RBI on 1st May permitted Foreign Portfolio Investments (FPIs) to invest in treasury bills issued by the Central Government. The RBI also asked the FPIs to bring down their total exposure in debt instruments (G-secs or corporate bonds). Treasury Bills are short term (up to one year) borrowing instruments of the Government & they are auctioned by RBI.
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