Reported 3 months ago
India's Reserve Bank has announced that foreign investors will be restricted from freely purchasing newly issued government bonds with 14- and 30-year maturities, effective immediately. This decision comes shortly after JPMorgan included Indian government securities in its emerging market index, as part of India's strategy to protect its financial market from volatile money flows. Existing securities under the Fully-Accessible Route will not be affected by this directive.
Source: YAHOO