Mumbai: After a surge in June, foreign inflows into government securities under the Fully Accessible Route (FAR) have started to moderate, as the factors that initially drove strong investor interest begin to fade. The June rally in FAR bonds was fuelled by expectations of India's inclusion in global bond indices, attractive carry offered by government securities, and policy support from the regulatory and the political establishment.However, the recent slowdown reflects narrowing India-U.S. yield spreads, renewed concerns over rupee weakness and disappointment over the Bloomberg index rejig.Since June 5, when the Reserve Bank of India (RBI) and the government announced measures…