INDIA India’s share market regulator on Monday moved to ease the introduction of new restrictions on trading of offshore derivatives, which bankers say will help reduce selling pressure on stocks.
M. Damodaran, chairman of the Securities and Exchange Board of India, said the regulator would make it easier for foreign investment banks to continue operating some accounts selling the derivatives provided they met certain conditions. “Sebi is trying to make these changes more benign and gentle,” said one banker.
