To attract foreign funds, the Indian Government on Tuesday allowed individual overseas investors also called Qualified Foreign Investors or QFIs to invest up to $1 billion in debts and corporate bond market, reports said..
The government also expanded the ambit of QFIs to include residents of Financial Action Task Force (FATF) member countries and those from Gulf Cooperation Council (GCC) and European Commission (EC).
"A separate sub-limit of $1 billion has been created for QFI investment in corporate bonds and mutual fund debt schemes," a Finance Ministry official said.
As of now, foreign investors were allowed to invest $20 billion in the country's corporate bond market. With this, the ceiling will increase to $21 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.