2013 · Q65
The Government of India on 12th June, 2013 enhanced the limit of foreign investments in government securities by 5 billion US dollar. In this regard, which of the following statements is not correct?
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- AIt was done in order to increase inflow of overseas capital.
- BIt will strengthen the value of rupee.
- CThe foreign institutional investors registered to SEBI are only eligible for investment in the enhanced limit of 5 billion US dollar.
- DThe investment can be made in all categories of investments across the board.
Explanation
The 2013 enhancement of the FII limit in government securities was open across investor categories, not restricted to SEBI-registered FIIs in the enhanced tranche alone - statement (d) is not correct.