Tag Archives: RBI monetary Policy

Forex Remittances allowed upto US $125,000; FPIs can trade in currency derivatives; and NRIs allowed INR upto Rs. 25,000

RBI in a bi-monthly Monetary Policy Statement on June 3, 2014, announced 3 important measures related to Non Resident Indians (NRI), Foreign Portfolio Investors (FPI) and foreign exchange remittances by Resident Indians: 1. Last year, to stem rupee depreciation and … Continue reading

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