On July 7, 2022, the RBI widened the scope of the ‘Fully Accessible Route’ (FAR) for non-resident investment in government bonds to include 7-year and 14-year securities. Foreign portfolio investors’ holdings of the 7-year government bond have since increased multi-fold to ₹7,084 crore as on March 31, 2023, compared with ₹118 crore before the inclusion of the bond in the FAR category, the RBI said in its annual report for 2022-23.
Sebi imposes Rs 10 lakh fine on Anand Rathi for violation of stock brokers’ norms
India’s market regulator Sebi fined Anand Rathi Share and Stock Brokers ₹10 lakh after inspections found multiple regulatory violations, including delayed glitch reporting, excessive capacity