The Reserve Bank of India has opened direct equity investment in listed firms to all foreign individuals, expanding beyond NRIs and OCIs. This move aims to broaden the investor base for Indian equities and boost foreign currency inflows to stabilize the rupee amidst FPI outflows.
The Reserve Bank of India has expanded direct equity investment in listed Indian firms to all foreign individuals, moving beyond its previous restriction to NRIs and OCIs. This significant policy change seeks to broaden the investor base for Indian equities. The initiative also…
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