RBI announced reforms easing access for FPIs to G-Secs, aiming to deepen India's bond market. A new Forex Swap mechanism was also introduced for liquidity management. India's G-Secs were included in JPMorgan EM Bond Index from June 2024.
Economy
RBI Eases G-Sec Access for FPIs; New Forex Swap Mechanism Introduced
Key Points
- RBI announced reforms easing access for FPIs to G-Secs, aiming to deepen India's bond market
- A new Forex Swap mechanism was also introduced for liquidity management
- India's G-Secs were included in JPMorgan EM Bond Index from June 2024
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• RBI: eased G-Sec access for FPIs; new Forex Swap mechanism (June 2026) • India's G-Sec included in JPMorgan EM Bond Index (June 2024) • India G-Sec market: Asia's 3rd largest (after China, Japan)
