The GBP-INR FX rates as displayed by various Indian Online Money Transfer service providers are as per the below table -

Mumbai: Structured products are back in favour among India’s rich. Executives at top private banks say high networth individuals (HNIs) have started buying such debentures pegged to the National Stock Exchange’s key index Nifty and other baskets of stocks, in the past few weeks.

Such products are customized to an investor’s ability to take risks and are typically issued by large investment banks to wealthy investors.

Structured products, with embedded options and swaps, typically limit losses by investing in risk-free bonds, but also allow unlimited growth of the principal through exposure to equities. “After the market had dried up, we now see a slow return of investors towards structured products,” says Puneet Matta, head of wealth management at Credit Suisse Securities (India) Pvt. Ltd, the Swiss bank’s local brokerage, which has in the past few weeks issued its own and distributed third-party structured products to clients.