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

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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

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Open uri20170510 32134 s5bvk0?1494421637 answered

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

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