Tag: GIFT City
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RBI Expands LRS Scope: Indian Residents Can Now Open Foreign Currency Accounts in GIFT City
The Reserve Bank of India has expand the scope of remittance options to International Financial Services Centres under the Liberalised Remittance Scheme enabling Indian residents to establish foreign currency accounts in GIFT City. In a recent decision of RBI has empowered authorized entities to facilitate remittances for accessing financial services or products under the International ...