RBI allows foreign investors in IFSC to invest in sovereign green bonds

The Reserve Bank of India (RBI) has approved foreign investment in sovereign green bonds issued through the International Financial Services Centre (IFSC). This decision is aimed at attracting international investors to participate in India's green bond market, supporting the country’s environmental and sustainability goals. Sovereign green bonds are used to finance projects with positive environmental impacts, and allowing foreign investment is expected to enhance liquidity, broaden the investor base, and advance India’s green financing initiatives.