FAR inflows double to ₹2 trn in 9 mths
Business Standard|July 17, 2024
Rise follows bond inclusion in JP Morgan index
ANJALI KUMARI

Foreign portfolio investments (FPI) in central government securities, designated under the fully accessible route (FAR), are nearing ₹2 trillion, almost double in nine months, following JP Morgan's inclusion of Indian debt in its index, Clearing Corporation of India (CCIL) data showed.

As of July 16, total investment in FAR securities stood at ₹1.93 trillion, against ₹94,709 crore on September 22, 2023.

FPI investment in FAR securities had crossed 1 trillion on October 16, 2023. Only government bonds issued by the Reserve Bank of India (RBI) under FAR are included in the index. All FAR-designated central government bonds maturing after December 31, 2026, are eligible.

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