Are NRIs permitted to invest in Commercial Paper (CP) issued by Indian companies?
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Dear Friend, as far as your query is concerned that Are NRIs permitted to invest in Commercial Paper (CP) issued by Indian companies? Let me informed that :- 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 Hope answer was helpful to you Regards, Arjun Pratap Singh