RBI partially devolves Rs 3,945 cr worth of 10-year sovereign green bonds

The RBI partially devolved INR 3,945 crore worth of 10-year sovereign green bonds, signaling a cautious response to market conditions. The move is part of the government's efforts to finance sustainable projects through green bonds, aimed at supporting climate-friendly initiatives. Despite the partial devolvement, the transaction indicates a growing interest in sustainable investments, with green bonds becoming an increasingly important tool in India’s financial landscape.