New Delhi, May 13 -- The market regulator plans to ease rules for foreign portfolio investors (FPIs) that invest only in Indian government bonds as it seeks to draw more inflows after India's inclusion in global bond indices.

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The Securities and Exchange Board of India (Sebi) has proposed easier registration and compliance for such FPIs, according to a consultation paper released on Tuesday.

The move is aimed at improving the ease of doing business and attracting more stable, long-term capital into sovereign debt. India has been included JPMorgan Global Bond Index and Bloomberg Emerging Market Bond Index, and will be added to FTSE Russell Emerging M...