You can now invest up to $125,000 overseas Dollars.

The overseas remittance limit comes under the liberalized remittance scheme (LRS) which was reduced to $75,000 last year when the rupee was in a free-fall against the dollar.

FROM : TNN | Jun 4, 2014, 05.40AM IST

MUMBAI: A strong rupee has emboldened Reserve Bank of India to relax some of the foreign exchange related restrictions including the individual overseas remittance limit of $75000 per year which has been hiked to $125000. The central bank has also allowed foreign institutional investors to hedge their investments plus and additional $10 million using exchange traded currency derivatives. It has also promised to allow domestic entities the same flexibility.

Also... You can carry in or out a sum of Rupees 25000 in your travels, per person.

http://timesofindia.indiatimes.com/business/india-business/You-can-now-invest-up-to-125000-overseas/articleshow/36024669.cms


FH

Thanks Full House for Info.

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DSD