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Investing.com-- Jane Street has deposited about 4,843.5 crore rupees ($567 million) in escrow accounts with India’s securities regulator, which will allow the trading desk to resume operations in Indian markets, Money Control reported on Monday.
Jane Street does not intend to trade in Indian options markets, the Money Control report said, citing “highly placed” sources.
The move comes after Jane Street was last week accused of market manipulation by the Securities and Exchange Board of India (SEBI), and was blocked from trading in Indian markets.
Jane Street had rejected the SEBI allegations, which said that the U.S. trading firm had manipulated valuations in the Nifty Bank index, which comprises the country’s 12 top bank stocks.