RBI says no to foreign investment cap

FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 8, 2022. REUTERS/Francis Mascarenhas/File Photo

BENGALURU: The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India (RBI) says.

Such securities will be counted as specified securities under the fully accessible route, the central bank said in a statement