RBI expands Liberalised Remittance Scheme norms for investment via GIFT IFSC.

Banking & Finance

The Reserve Bank of India (RBI) has widened the scope of the Liberalised Remittance Scheme (LRS) to include investments through the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC). This move allows Indian residents to invest in permitted securities in IFSCs under the LRS, providing more avenues for international investments through this financial hub.


      The RBI aims to facilitate greater international investment opportunities for Indian residents by leveraging the infrastructure and regulatory framework of the GIFT IFSC.

      Indian investors can now diversify their portfolios with a wider range of financial products and services available within the IFSC ecosystem.

     

 

     


About RBI,

Governor : Shaktikanta Das
Headquarter : Mumbai
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