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The Economic Times
The Economic Times

RBI raises investment limits for NRIs, OCIs; Extends equity route to overseas individuals

RBI India Reserve Bank of India

Reserve Bank of India (RBI) Governor Sanjay Malhotra, on Friday, announced that the investment limits for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in equity instruments traded on stock exchanges without Securities and Exchange Board of India (SEBI) registration will be increased.

The RBI has also decided to extend the same facility to all individual Persons Resident Outside India (PROIs), bringing them on par with NRIs and OCIs for such investments.

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