<span style="color: #222222;">The Reserve Bank of India has decided to allow Foreign Portfolio Investors (FPIs) to invest in debt securities issued by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The move is expected to provide much-needed patient capital and liquidity to the new asset class.<br />''<br />''Finance Minister Nirmala Sitharaman, in the Union Budget, 2019, had allowed FPIs to invest in REITs and InvITs, but the enabling was yet to take place. The Central Bank has now amended the Foreign Exchange Management (Debt Instrument) Regulations, 2021 to allow such investments.</span><br />