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.
-----------------------------------------------------------------
DSD
Advertise Contact Us Privacy Policy and Terms of Usage FAQ Canadian Desi © 2001 Marg eSolutions Site designed, developed and maintained by Marg eSolutions Inc. |