Bonds

India SEBI Eases Rules for Global Funds Buying Sovereign Bonds

The Securities and Exchange Board of India headquarters in Mumbai.

Photographer: Dhiraj Singh/Bloomberg

India’s securities market regulator on Wednesday relaxed certain rules for foreign funds investing in local government bonds, to increase participation from funds tracking global bond indexes.

Existing and new funds that exclusively invest in government securities under the Fully Accessible Route or FAR will not be required to furnish investor group details, the regulator said in a statement after its board meeting in Mumbai.