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RBI to speed up rupee globalisation, roll out series of reforms this fiscal

The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.

Foreign exchange management actInternational financial services centreForeign exchange management deposit regulationsAsian currency unionForeign exchange management manner of receiptMoney transfer service schemeReserve bankIndian rupeeForeign exchange managementMight also likeLiberalised remittance schemeRupee drawing

RBI to boost rupee s internationalisation, liberalise norms for non-residents

The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.

Foreign exchange management actForeign exchange management manner of receiptInternational financial services centreMoney transfer service schemeAsian currency unionForeign exchange management deposit regulationsReserve bankIndian rupeeForeign exchange managementMight also likeLiberalised remittance schemeRupee drawing

RBI to boost rupee s internationalisation, liberalise norms for non-residents

The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.

International financial services centreMoney transfer service schemeAsian currency unionForeign exchange management deposit regulationsForeign exchange management actForeign exchange management manner of receiptReserve bankIndian rupeeForeign exchange managementMight also likeLiberalised remittance schemeRupee drawing

Update in SOPs: Some FPIs may not be exempt from disclosures

Update in SOPs: Some FPIs may not be exempt from disclosures
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GIFT City: India s Rising Star for Foreign Portfolio Investors

India's GIFT City has lucrative tax benefits, which has enhanced its appeal over traditional investment routes via Mauritius or Singapore.

United arab emiratesGujarat international finance tecJp morganInternational financial service centreBombay stock exchangeNational stock exchangeInternational financial services centreExchange board of indiaTraditional investmentIndia briefingwrittenArchana raoreading timeGujarat international finance tec cityStandard charteredState bankSecurities transaction taxDouble taxation avoidance agreement