Following are the highlights of the measures announced by the  Reserve Bank of India and the Government of India today to improve foreign  exchange inflows. The measures are effective immediately.

* External commercial borrowing limit hiked by $10 bln

* Higher cap on FX debt for repaying rupee loans for capex

* Higher cap on FX debt also for new projects

* FII limit in gilts hiked to $20 bln vs $15 bln earlier

* Sovereign wealth funds, insurance, pension funds can invest in gilts

* Multilateral agencies, endowment funds can invest in gilts

* New FII gilt investment limit to have 3-year residual maturity

* Infra development funds scheme lock-in period rationalised

* Infra development funds scheme residual maturity rationalised

* Qualified foreign investors can invest in MF with 25% infra stocks..