FAR for investment by non-residents in government securities
By ANI | Updated: March 31, 2020 00:30 IST2020-03-31T00:19:50+5:302020-03-31T00:30:27+5:30
The Reserve Bank of India (RBI) on Monday issued a circular to implement the Union Budget 2020-21 proposal to fully open up the government securities for non-resident investors.
FAR for investment by non-residents in government securities
New Delhi [India], Mar 30 : The Reserve Bank of India (RBI) on Monday issued a circular to implement the Union Budget 2020-21 proposal to fully open up the government securities for non-resident investors.
"It has been decided in consultation with the government to introduce a separate route, viz., Fully Accessible Route (FAR) for investment by non-residents in securities issued by the Government," said the RBI.
( With inputs from ANI )
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