On July 7, 2022, the RBI widened the scope of the ‘Fully Accessible Route’ (FAR) for non-resident investment in government bonds to include 7-year and 14-year securities. Foreign portfolio investors’ holdings of the 7-year government bond have since increased multi-fold to ₹7,084 crore as on March 31, 2023, compared with ₹118 crore before the inclusion of the bond in the FAR category, the RBI said in its annual report for 2022-23.
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