RBI Liberalizes Overseas Investment

Mumbai,Sept.30, 20007 : In a bid to offset the tide of foreign exchange inflows pouring into India which have sharply strengthened the rupee versus the US dollar, the reserve bank of India has announced a series of measures that will make it easier for companies, mutual funds and individuals to invest overseas.

Among the measures announced, the overseas investment ceiling for mutual funds has been raised to 5 billion dollars from 4 billion dollars.

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