Foreign investors moving onshore following Indian moves to curb offshore derivatives

Moves late last year to deter foreign institutional investors (FIIs) from buying offshore derivatives linked to the Indian market seem to have had the desired effect, according to CB Bhave, chairman of financial regulator the Securities and Exchange Board of India (Sebi).

But Bhave, who was addressing the Institutional Investor India-Asia Investment Forum in Singapore on March 17, acknowledged that FIIs have made net withdrawals of capital from India this year.

Following measures introduced in

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