By Abhirup Roy MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) eased rules for foreign investors to trade in securities at a new international finance centre, stepping up competition with markets such as Singapore and Dubai that are seen as more investment-friendly. The government has been trying to lure foreign investors to Gujarat International Finance Tec-City, or GIFT City, which is being developed in Prime Minister Narendra Modi's home state in western India and offers close to zero tax, dollar contracts, and top-notch infrastructure. Still, daily trading volumes have been a fraction of the tens of billions of dollars on the country's two main stock exchanges.
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