Indian hedge funds barred from investing in currency derivatives to check rupee volatility

ban-sign

The Securities and Exchange Board of India (Sebi) has asked domestic hedge funds to sign an undertaking they will not invest in foreign exchange derivatives as a condition for approving their registration application to reduce speculation in the currency market.

Alternative investment funds (AIFs) in India are divided into three categories based on their social impact. Category I funds consist of venture capital, infrastructure and other funds that are deemed to have a "positive spillover" on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: