‘Fully Accessible Route’ for Investment by Non-residents in Government Securities

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....n Government Securities A reference is invited to the announcement made in the Union Budget 2020-21 that certain specified categories of Central Government securities would be opened fully for non-resident investors without any restrictions, apart from being available to domestic investors as well. Accordingly, a separate route viz., Fully Accessible Route (FAR) for investment by non-residents ....

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....er the FAR as 'specified securities'. The Reserve Bank may add new tenors or change the tenors of new securities to be designated as 'specified securities' from time to time. 4. The directions contained in this circular have been issued under Section 45W of Chapter IIID of the Reserve Bank of India Act, 1934 and are without prejudice to permissions/ approvals, if any, required under any other l....