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of <h1>RBI Raises Direct Investment Limit for Myanmar, SAARC (Excl. Pakistan); Nepal & Bhutan Rupee Cap Doubled.</h1> The Reserve Bank of India has announced an increase in the ceiling for Indian direct investment in Myanmar and SAARC countries, excluding Pakistan, under the automatic route. The limit is raised to USD 150 million from USD 100 million, and for rupee investments in Nepal and Bhutan, it is increased to Rs. 700 crores from Rs. 350 crores. These changes are part of further liberalization efforts, with necessary amendments to the Foreign Exchange Management Regulations, 2000 to be issued separately. Authorized dealers are instructed to inform their constituents about these updates as per the Foreign Exchange Management Act, 1999.
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