News digest: Sebi ownership notice, rupee falls, RCEP talks, and more

At least a dozen FPIs wrote to the prime minister, finance minister and Sebi, saying that the move will hit a third of the overseas assets in the country

FPIs ring alarm bells on Sebi ownership notice; $75 bn assets could be hit
 

Foreign portfolio investors (FPIs) have upped their ante against a circular issued by the market regulator, Securities and Exchange Board of India (Sebi), on beneficial ownership of offshore funds. 

At least a dozen FPIs, including Amansa Capital, Helios and Morgan Stanley Asset Management — which operate from outside India but have links to the county — wrote to the prime minister, finance minister and Sebi, saying that the move will hit a third of the overseas assets