Rupee opens flat at 75.50, close to where it had closed on Monday even as the virus scare remains within acceptable limits in India but financial liquidations looms large. The Reserve Bank of India, in a bid to curb overseas investors outflow from Indian G-sec, late Monday allowed non-residents to invest in specified Government of India dated securities without any restrictions. The Reserve Bank introduced a separate channel, called the ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified Government of India dated securities. Separately, the central bank said the specified securities eligible for investment under the FAR are 6.18%-2024, 7.32%-2024, 6.45%-2029, 7.26%-2029, and 7.72%-2049 gilts. These securities will continue to be eligible for investment by residents. In a move that could temporarily soften corporate bond yields, the Reserve Bank of India, in consultation with the Government, on Monday hiked the foreign portfolio investors (FPI) investment limit in Indian corporate bond by 15% of outstanding stock for full year 2020-21.Currently, FPIs can invest Rs 3.17 lakh crore in Indian corporate bonds. With the enhanced limit, they can hold Rs 4.29 lakh crore of corporate bonds for the half year ended September 2020, and Rs 5.41 lakh crore for the half year ending March 2021. Separately, the central bank also said it will conduct auctions of long-term repos of three-year tenor for a total amount of up to Rs 25,000 crore at a floating rate fixed to the policy repo rate, currently at 4.40%, on Apr 3.