Sebi’s fight with FPIs is what’s really preposterous
What’s far more preposterous is Sebi’s haphazard policymaking process, which in this case has culminated in a public argument with part of the FPI community
At the end of the day, the capital market regulator’s new rule is another attempt to put blanket curbs on an entire market segment, to hide its ineptitude in nailing those who violate its rules (
bit.ly/2Cn8w8y). The need of the hour at Sebi is better enforcement and less mindless rule-making.
Read more at-
https://www.livemint.com/Money/PYOY...t-with-FPIs-is-whats-really-preposterous.html