India's markets regulator is set to overhaul decades-old rules and stem soaring outflows of foreign funds, three sources said, in a move some investors say would help the South Asian nation beef up its weighting in global stock market indexes.
The changes, if finalised, will come as foreign ownership of Indian stocks has hit a 17-year low and the rupee, down about 6% this year, ranks among one of Asia's worst performers, hit by worries about a steeper import bill and anemic capital flows.
