 "FY24 sovereign green bonds for investments by NRI added to FAR list")
The Reserve Bank of India (RBI) on Wednesday announced a fully accessible route (FAR) for investments by non-residents in sovereign green bonds to be issued during the current financial year. Earlier, sovereign green bonds issued during 2022-23 were included in the FAR list.
“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,” the central bank said.
The government plans to borrow Rs 20,000 crore through green bonds in the current financial year.
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