The Reserve Bank of India (RBI) is working towards allowing settlement of Government bonds in the International systems like the Euro clear. International systems like Euro clear and Clear stream are international settlement platforms for global securities amongst themselves. International trading and settlement enables foreign investors to transact in Indian Securities but settle in dollars or other international currencies, thereby increasing access and flexibility in order to widen the investor base.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha.

International bond settlement enabling foreign investors to settle government securities in international systems and currencies to widen access. Allowing international settlement of government bonds would permit Indian government securities to be settled through international settlement platforms, enabling foreign investors to transact while settling in international currencies, thereby widening the investor base and requiring operational and supervisory coordination between domestic issuance and international depositories.