Fully Accessible Route launch (2020)
India's central bank created the Fully Accessible Route, letting foreign portfolio investors buy a defined set of government securities without the caps binding the general route. The goal was to pave the way for index inclusion and steady inflows.
Overseas funds gained a limit-free path into Indian sovereign debt.
The route became the template for later compliance easing, including the 2025 exemption.
The September 2025 exemption that SEBI just broadened started as a relief specifically for Fully Accessible Route investors.
