FIIs withdraw $5.6 billion from debt market in June 2013

Past June 2013 was quite unfortunate for Indian currency and Indian debt market as it saw a historic outflow of FIIs to the tune of $5.6 billion which was the highest ever withdrawal in the market’s history. A weak rupee ..

Month: Current Affairs - July, 2013

SEBI tightens buyback rules

SEBI has released new buyback norms and a number of other market friendly measures. Under the new rules: It is mandatory for companies selling shares to purchase at least 50% of the offer size. If they fail to do so, the ..

Month: Current Affairs - June, 2013

SEBI relaxes foreign investment norms; a new category Foreign Portfolio Investors (FPIs) approved

In a bid to attract a larger number of foreign investors to Indian capital markets, SEBI approved a slew of changes. Among the major changes are simplification of registration and compliance requirements for foreign investors. As per new measures: A new category ..

Month: Current Affairs - June, 2013

Government raises foreign investment limit in G-secs by $5 billion

In a move that would encourage foreign portfolio investment in Indo, the Government hiked the investment limit for foreign portfolio investors in government bonds by $5 billion to $30 billion. However, the enhanced limit of $5 billion will be available ..

Month: Current Affairs - June, 2013