Mohammad Haris

The move comes amid sustained pressure on the Indian rupee, which has weakened about 6 per cent against the US dollar.

Markets regulator Sebi says 97% to 99% of Rajesh Exports' consolidated revenue came from overseas subsidiaries.

Rajesh Exports has strongly disputed Sebi's interim order that accused the company of financial misrepresentation and fund-routing irregularities involving overseas entities.

At 9:16 am, the BSE Sensex rises 176.77 points, or 0.24 per cent, at 74,536.78. The NSE Nifty 50 gains 55.50 points, or 0.24 per cent, to trade at 23,472.05.

RBI Cuts FY27 GDP Growth Forecast To 6.6% Vs 6.9% Earlier

The move comes as India seeks to attract foreign investors into the country and to deepen its bond market.

RBI Governor Sanjay Malhotra projects CPI inflation at 5.1 per cent for 2026-27, warns higher crude oil and input costs and global risks may push inflation.

Greater foreign participation can improve liquidity across different maturities, making the yield curve more efficient and informative.

Proprietary trading, known as prop trading, refers to firms or brokers using their own capital to trade shares, derivatives, bonds or commodities to earn profits from market.

India GDP Growth Q4 FY26: