foreign exchange remittance Business

RBI increases Foreign exchange remittance limit to $250,000 per person a year

The Reserve Bank of India (RBI) on tuesday doubled the foreign exchange remittance limit upto $250,000 per person a year. Means Indians spend upto this much this much amount abroad without permission RBI said during its bimonthly monetary policy review. Now they can buy property, hold shares or debt instruments, or any other assets or […]