Markets

Foreign individuals may buy corp debt: report

Published February 17, 2012 Updated February 17, 2012 06:22am

The business daily said on Friday that Finance Minister Pranab Mukherjee would take a final decision on whether to include the proposal in the 2012/13 federal budget, which will be presented in parliament on March 16.

Ministry official were not immediately available to comment. India currently allows foreign institutional investors to buy a total of $45 billion of corporate debt. Of this, $25 billion is allocated for infrastructure bonds.

Copyright Reuters, 2012