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Huge foreign inflows sparking rupee appreciation a concern: Sebi

Foreign investors have bought a net $23 bn in Indian debt so far this year

Reuters  |  Mumbai 

A senior official at India's capital markets regulator warned on Wednesday about the impact of "huge" foreign investments on the rupee and called for ways to manage the inflows through "a calibrated system." The comments, from Securities and Exchange Board of India (Sebi) Whole-Time Member G Mahalingam, delivered during a speech at a financial event, mark the strongest public comments this year from an Indian regulator about the effects of strong inflows in pushing up the currency. Foreign investors have bought a net $23.1 billion in Indian debt so far ...

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First Published: Wed, September 06 2017. 14:59 IST