MUMBAI/NEW DELHI, June 9 India is likely to
raise the foreign investment limit in government debt soon, as
almost all of the current allocation has been taken up, said
four officials with direct knowledge of the government's
The current limit is 995.46 billion rupees ($16.9 billion).
One of the sources said the government could raise the
amount foreign investors are allowed to buy by another $5
The finance ministry will decide on the matter after
consultations with the Reserve Bank of India and capital markets
regulator Securities And Exchange Board of India, the sources
"I expect the government to take a call on this soon," said
one of the officials involved in the process.
The sources declined to be identified as they were not
authorised to talk to the media about the plans.
($1 = 59.0600 Indian Rupees)
(Reporting by Himank Sharma, Rajesh Kumar Singh and Suvashree
Dey Choudhury; Editing by Rafael Nam & Kim Coghill)