The group, headed by the Executive Director of RBI, R Gandhi, has said the government and regulators could raise the investment limits for foreign portfolio investors, or FIIs, in phases. "FIIs, by being global players, can provide the much-needed diversity of views in the market, thereby providing more opportunities for trading," the draft report on enhancing liquidity in G-Secs and interest rate derivatives markets said. The group has also called for participation by overseas portfolio investors in the interest rate derivate market............
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