Sebi refutes MSCI's claim of India being a 'restrictive' market

Access to domestic bourses not 'restrictive', markets regulator replies to global index provider's note

The Securities and Exchange Board of India (Sebi) has refuted global index provider MSCI’s claim of India being a “restrictive” market for offshore investors.

MSCI had, in May, put India on notice for limiting access to investors using offshore platforms. The move came after domestic exchanges snapped licensing and data-sharing arrangements with global bourses to put an end to offshore trading in domestic products.

According to sources, the market regulator has responded to a note floated by MSCI, emphasising upon the initiatives taken by Sebi and the government to improve ease of doing business for overseas investors.

Investors tracking MSCI indices use the