FII limit in G-Secs, corp bonds hiked

.....The government, which is battling a high current account deficit (CAD), is trying to attract more foreign funds into the country. CAD, which is the gap between inflows and outflows of foreign funds, was a high of 4.5 per cent in 2011-12. In the current fiscal, CAD is expected to ease to 3.5 per cent. In order to contain CAD, the RBI has already imposed restrictions on financing of gold purchases to curb speculations of the yellow metal......

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