Are NRIs permitted to invest in Commerci

Question: Are NRIs permitted to invest in Commercial Paper (CP) issued by Indian companies?

Answer(s)

Raju Kanumuri: Yes. General permission has been granted by Reserve Bank to Indian companies to issue CP to NRI individuals subject to the conditions that the amount invested will not be repatriated outside India and the CP will not be transferable.

Source : Reserve Bank Of India

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