Exchange rates

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Issue:

Miscellaneous

 

Written by:

Eduardo H

 

Date added:

December 7, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 249

 

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3048 times

 

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Essay content:

Recently, Indian companies have also been permitted to invest, up to 25 per cent of its net worth, in shares of foreign companies, having a minimum of 10 per cent of the share capital of a company listed in a recognized stock exchange in India. Mutual Funds are permitted to invest in ADRs/GDRs of the Indian companies, rated debt instruments and also invest in equity of overseas companies with an overall cap of USD 1 billion...
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Mutual Funds are permitted to invest in ADRs/GDRs of the Indian companies, rated debt instruments and also invest in equity of overseas companies with an overall cap of USD 1 billion. Furthermore, under the Liberalised Remittance Scheme of USD 25,000, resident individuals are free to acquire and hold immovable property, shares or any other asset outside India without prior approval of RBI, enabling them to convert their rupee denominated assets into foreign currency denominated assets...
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