India's market regulator eases foreign investment rules in govt bonds

April 9, 2015 11:43 AM

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MUMBAI, April 9 (Reuters) - India's market regulator has permitted foreign investors to reinvest in government bonds the same day, giving them the option to churn their portfolio, according to four traders with direct knowledge of the matter and an email of the new rules.

The Securities and Exchange Board of India, in an email sent late on Wednesday to custodian banks of foreign investors, said the facility to buy and sell government bonds the same day would be applicable on the entire $30 billion ceiling on government debt purchases by foreign investors.

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