The Reserve Bank of India, by eliminating the previous restrictions that only allowed certain global investments and overseas education payment, has expanded the scope for residents to use foreign currency accounts in International Financial Services Centres, or IFSCs, for broader transactions and investments in foreign currencies.Residents can now facilitate remittance or send money under the Liberalised Remittance Scheme to IFSCs i...
The Reserve Bank of India, by eliminating the previous restrictions that only allowed certain global investments and overseas education payment, has expanded the scope for residents to use foreign currency accounts in International Financial Services Centres, or IFSCs, for broader transactions and investments in foreign currencies.Residents can now facilitate remittance or send money under the Liberalised Remittance Scheme to IFSCs i...
