The Reserve Bank of India (RBI) on November 08, 2023, notified regarding the ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities and Inclusion of Sovereign Green Bonds.
It has now been decided to also designate all Sovereign Green Bonds issued by the Government in the fiscal year 2023-24 as ‘specified securities’ under the FAR.
These Directions shall be applicable with immediate effect.
[Notification No. RBI/2023-24/81 FMRD.FMID.No. 04/14.01.006/2023-24]