India fast moving towards full Capital account convertibility: RBI

" There is an effort to liberalize FPI debt flows further with the introduction of the Fully Accessible Route (FAR) which places no limit on non-resident investment in specified benchmark securities" said Rabi Shankar at the Foreign Exchange Dealers Association of India (FEDAI) Annual Day. " The move is unambiguously towards an eventual unfettered access for non-residents into Government securities".

via Economictimes