Mumbai, July 8 (IANS) The Securities and Exchange Board of India (SEBI) has notified amendments to the Foreign Portfolio Investors (FPI) Regulations, replacing the US dollar-denominated fee structure with a rupee-denominated payment mechanism for foreign investors and foreign venture capital investors (FVCIs).The changes will come into effect after six months, giving foreign investors and intermediaries adequate time to transition to the new system.According to a notification issued by SEBI, the…
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