Foreign portfolio investment liberalisation expands equity investment access for resident outside India investors through repatriable INR accounts and aligned compliance. Foreign portfolio investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 is liberalised to permit investment in equity instruments of a listed Indian company on a recognised stock exchange in India by all individual persons resident outside India, with enhanced investment limits. Authorised Dealer Category-I banks may open a repatriable INR account for such investors, and reporting and monitoring are to follow the same manner as NRI and OCI investments.
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Foreign portfolio investment liberalisation expands equity investment access for resident outside India investors through repatriable INR accounts and aligned compliance.
Foreign portfolio investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 is liberalised to permit investment in equity instruments of a listed Indian company on a recognised stock exchange in India by all individual persons resident outside India, with enhanced investment limits. Authorised Dealer Category-I banks may open a repatriable INR account for such investors, and reporting and monitoring are to follow the same manner as NRI and OCI investments.
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