Indian regulator curbs Barclays

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India's financial regulator has suspended UK bank Barclays from dealing in products that allow foreign investors to buy Indian stocks.

Barclays said it was continuing to "co-operate fully" with the Securities and Exchange Board of India (SEBI) to try to resolve the matter.

SEBI accuses Barclays of not correctly disclosing details of how its Indian investment products operate.

Barclays has been given until 18 December to make a formal response.

SEBI said it was seeking information from Barclays regarding its Indian investment products issued between January 2006 and January 2008.

Investing in Indian stocks has become increasingly popular for overseas investors in recent years, as their value has risen on the back of India's continuing fast-paced economic expansion.