RBI allows Foreign Investors to Invest in Sovereign Green Bonds

Description: The Reserve Bank of India (RBI) has launched a new scheme that allows foreign investors in the International Financial Services Centre (IFSC) to invest in Sovereign Green Bonds (SGrBs). This move aims to encourage more non-resident investors to participate in India’s growing green finance market. The Indian government first issued sovereign green bonds in January 2023, with plans to issue more as part of its borrowing program for FY2023-24. The Reserve Bank of India (RBI) has launched a new scheme that allows foreign investors in the International Financial Services Centre (IFSC) to invest in Sovereign Green Bonds (SGrBs). In April 2023, the RBI announced a plan to make it easier for non-residents to invest in these bonds. Foreign investors can join the primary auctions conducted by the RBI and trade in the secondary market for these bonds. Know more - - https://bit.ly/4eENwYK

This ad was generated by:
Tuffclassified
- https://tuffclassified.com/