In line with the Budget announcement, the Reserve Bank on Monday opened certain specified categories of government securities (g-secs) for non-resident investors as part of an initiative to deepen the bond market.
Accordingly, a separate route namely, Fully Accessible Route (FAR) for investment by non-residents in securities issued by the Government of India has been notified, the RBI said in a notification.
Finance Minister Nirmala Sitharaman in the Budget for 2020-21 had announced that "certain specified categories of Government securities would be opened fully for non-resident investors, apart from being available to domestic investors as well."
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