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The Reserve Bank of India on Friday gave retail investors direct access to the government securities markets – a move termed by Governor Shaktikanta Das as a “major structural reform”.
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market.
Experts agreed with the RBI governor and said the move will likely change the dynamics of the bond market in India and could obviate the need for the country to chase foreign investors by listing Indian bonds in global bond indices.
