The circular specify limits for 2026-27 for Foreign Portfolio Investor (FPI) investments in debt instruments and sale of Credit Default Swaps (CDS). The investment limits under the General Route remain unchanged at 6% for Government Securities (G-Secs), 2% for State Government Securities (SGSs), and 15% for corporate bonds. Incremental changes in G-Sec limits will continue to be equally divided between ‘General’ and ‘Long-term’ categories, while increases in SGS limits will be allocated entirely to the ‘General’ category. Investments in specified securities will continue under the Fully Accessible Route (FAR). Additionally, all investments under the Voluntary Retention Route (VRR) will now be subject to General Route limits. The aggregate CDS selling limit for FPIs is set at 5% of outstanding corporate bonds, amounting to Rs 3,30,464 crore.