INSUBCONTINENT EXCLUSIVE:
India on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and
announced that the registration for the multiple investment manager structure would be simplified.Proposing the new regulations for FPIs,
Sebi Chairman Ajay Tyagi said that central banks of other countries are now also eligible to be FPIs
offshore funds of Indian mutual funds (MFs) to invest as FPIs.Besides, the FPIs will now be categorised into two classes, cutting down from
the current three categories
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