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Policy▲ Bullish for Indian equities
Sebi, RBI join hands to make onboarding easier for FPIs
The brief
- SEBI and RBI are working together to simplify regulatory procedures for FPIs
- Easier FPI onboarding may support foreign flows into Indian equities
- Usual October cheer could be missing after rout last month
- FIIs post biggest single-day sell-off in six months; DIIs record month's highest buying on Sep 30
- FPI exits through FAR route at six-month high
- Bond yields rise, raising the hurdle for Indian equities
- FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
SEBI-RBI reforms to FPI onboarding
SEBI and RBI are working to reduce FPI onboarding time to five days through digital registration and streamlined KYC. They are also developing a bond-index framework.
Thursday, 1 October
- Sebi, RBI join hands to make onboarding easier for FPIs