01-February-2023
Markets and Finance
 
Reserve Bank of India says no foreign investment cap on sovereign green bonds
24-Jan-2023

The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India said on Monday. Such securities will be counted as specified securities under the fully accessible route, the central bank said in a notification The RBI had earlier this month announced an auction of 160 billion rupees ($1.93 billion) of sovereign green bonds in two tranches, half of is set to be issued on Wednesday.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-says-no-foreign-investment-cap-on-sovereign-green-bonds/articleshow/97255666.cms