Foreign investors to be allowed in commodities futures: Sebi

Securities and Exchange Board of India (Sebi) Chairman UK Sinha has said foreign portfolio investors will be allowed to trade in commodities futures markets. He, however, did not provide a specific timeline.

Sinha on Monday said Sebi, the country's capital markets regulator, would also focus on how prices and benchmark rates are fixed in commodity markets while also looking at the possibility of having products like options and futures.

He was speaking at an event celebrating the merger of Sebi and former commodities regulator Forward Markets Commission.

(Reuters)