The Reserve Bank of India (RBI) has announced that individuals residing outside India can now purchase or sell Sovereign Green Bonds if they hold a securities account with a depository in the IFSC. This update follows amendments to the Forex Management (Debt Instruments) Regulations, 2024, detailed in a gazette notification published on August 10.
This decision aligns with RBI Governor Shaktikanta Das’s April statement, promising that Foreign Portfolio Investors (FPIs) would gain access to Sovereign Green Bonds in the IFSC. The move is expected to enhance India's green financing landscape by attracting international investment into environmentally sustainable projects.
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