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RBI permits FII to trade in exchange derivative contracts
Mumbai, Sept 03: Further liberalising its investment norms, the Reserve Bank of India has permitted registered foreign institutional investors (FIIs) having valid approval to trade in all exchange traded derivative contracts approved by Securities and Exchange Board of India (SEBI).
Mumbai, Sept 03: Further liberalising its investment norms, the Reserve Bank of India has permitted registered foreign institutional investors (FIIs) having valid approval to trade in all exchange traded derivative contracts approved by Securities and Exchange Board of India (SEBI).
A non-resident Indian (NRI) may invest in exchange traded derivative contracts approved by SEBI from time to time out of rupee funds held in India on non-repatriable basis subject to limits prescribed by the capital market regulator, RBI said in a notification here today.
Such investments would, however, not be eligible for repatriation benefits, the apex bank added.
Bureau Report