In a recent update, the Securities and Exchange Board of India (Sebi) confirmed that clients engaged in discretionary portfolio management have the right to pledge their securities. They will still be considered beneficial owners and are permitted to utilize these assets as collateral. This flexibility allows clients to secure personal loans, alleviating prior worries regarding restrictions on borrowing by portfolio managers.
Dollar feeble as rate hike bets dwindle, Iran war worries grow
The U.S. dollar weakened against major currencies as traders scaled back tightening expectations. Soft economic data, including retail sales and job losses, influenced these shifts.
August 18, 2026