RBI excludes new 14-yr, 30-yr gov't securities from FAR for FPIs.
The Reserve Bank of India (RBI) has decided to exclude new 14-year and 30-year government securities from the Fully Accessible Route (FAR) for foreign portfolio investors (FPIs). Future issuances of these securities will no longer be accessible to FPIs, but existing stocks will remain available in the secondary market. The decision follows a review and consultations with the government.
July 29, 2024
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