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Debt Utilisation Status FIIs & QFIs

Debt Utilisation Status as on April 23, 2014
S.No Type of Instrument Upper Cap
(in USD bn)
Upper Cap
(INR Cr.) [i]
  (A)
Investment as reported by Custodians (INR Cr.)
(B)
Unutilised Limit available with the entity acquiring limits
(INR Cr)
( C )
Total Investments including limits acquired by the entity
(INR Cr)
(D) = (B) + ( C )
% of limits exhausted
(E) = (D)/(A)
Free Limit (INR cr)
(F) = (A)- (D)

1

Government Debt (auction) [ii]

20 99,546 73,218 Not applicable 73,218 73.55 26,328

Government Debt (on tap) [ii & iii]

10 54,023 10,598 Not applicable 10,598 19.62 43,425

1(a)

Treasury Bills

5.5 [iv] 25416 19,287 - 19,287 75.89 6,129

2

Corporate Debt [v]

51 244,323 76,519 Not applicable 76,519 31.32 167,804

2(a)

Commercial Papers

2 [vi] 9,978 8,616 Not applicable 8,616 86.35 1,362

2(b)

Credit Enhanced Bonds

5 [vii] 23,953 - - 0 0.00 23,953

Grand Total

81 397,892 160,335 Not applicable 160,335 40.30 237,557

NOTE:

    • i. While the government announces the limits on debt investments to FIIs & QFIs in USD terms, for allocation and monitoring purposes, these limits are converted into INR terms using the RBI reference rate as on the date of the announcements/effective dates. Increase/Decrease in sub limits are computed proportionately on basis of debt limits announced by Government of India.
    • ii. Includes investment in Interest Rate Futures by FIIs registered with SEBI inclusive of investment as per SEBI circular ref. no. CIR/MRD/DRMNP/2/2014 dated January 20, 2014.
    • iii. Investments by FIIs registered with SEBI under the categories of Sovereign Wealth Funds, Multilateral Agencies, Endowment funds, Insurance funds, pension funds and Foreign Central banks as per SEBI circular ref. no. CIR/IMD/FIIC/3/2014 dated January 29, 2014.
    • iv. (US$ 5.5 billion within the limit of US$ 30 billion for Government Debt)
    • v. Beginning April 01, 2013, FIIs can invest in Corporate Debt without purchasing debt limits till the overall investment reaches 90% after which the auction mechanism would be initiated for allocation of the remaining limits. For sub limits of Treasury Bills (TB), Commercial Paper (CP) and Credit Enhanced Bonds (CR), when the overall investment reaches 95% after which the approval of depositories is required for allocation of the remaining limits for TB, CP and CR.
    • vi. (US$ 2 billion within the limit of US$ 51 billion for Corporate Debt)
    • vii. (US$ 5 billion within the limit of US$ 51 billion for Corporate Debt)
    • viii. The data displayed above is updated as on and upto April 23, 2014 i.e., the date of last transaction as reported by Custodians