RBI Includes 10-Year Sovereign Green Bonds in Fully Accessible Route for Non-Residents
| Key Point | Details |
|---|---|
| Why in News? | RBI designated 10-year Sovereign Green Bonds (SGrBs) as 'specified securities' under FAR for non-resident investments, effective in the second half of FY2024-25. |
| Sovereign Green Bonds (SGrBs) | Government plans to issue SGrBs worth ₹20,000 crore (4 issuances: 2 bonds of 10-year tenor and 2 bonds of 30-year tenor). |
| Fully Accessible Route (FAR) | Introduced in 2020 by RBI to allow non-residents to invest in specified Government securities without investment ceilings. |
| Total Borrowing (H2 FY2024-25) | ₹6.61 lakh crore through various Government dated securities. |
| Global Bond Index Inclusion | - JPMorgan GBI-EM GD: June 28, 2024 - Bloomberg EM Local Currency Government indices: January 2025 - FTSE Russell EMGBI: September 2025 |
| Eligible Investors | Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and other permitted entities. |