Tue, June 16, 2026
Mumbai: The Reserve Bank of India (RBI) has taken a significant step to boost foreign investment by allowing authorised dealer (AD) banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies. The move expands access to India's equity markets beyond Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs).
According to a notification issued by the central bank on June 13 and uploaded to its website on Monday, the new framework has come into effect immediately.
The decision follows amendments made by the government to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019. Under the revised regulations, all individuals residing outside India are now permitted to invest in equity instruments of listed Indian companies under Schedule III of the rules.
As part of the updated framework, overseas individual investors will be able to invest through inward remittances or funds maintained in repatriable deposit accounts.
Investors will also be required to designate a repatriable rupee account that will be used exclusively for transactions carried out under this investment route.
The RBI clarified that proceeds from the sale of equity investments may either be repatriated abroad or credited to the designated rupee account after payment of applicable taxes.
Market experts believe the move will simplify the investment process for foreign individuals by providing a dedicated banking channel for equity investments and related transactions.
In a related development, the central bank has introduced a new reporting category called Individual Foreign Investor (IFI). Under this classification, authorised dealer banks will report purchases and transfers of equity instruments made by overseas individuals, including NRIs and OCIs.
Earlier this month, RBI Governor Sanjay Malhotra announced that investment limits for NRIs and OCIs in stock market-traded equity instruments without registration with the Securities and Exchange Board of India are being increased. He also stated that the same facility is now being extended to all individual Persons Resident Outside India (PROIs), placing them on par with NRIs and OCIs.
The Governor further announced that a concessional foreign exchange swap facility will be available until September 30, 2026, to encourage External Commercial Borrowings (ECBs) by public sector undertakings. Additionally, authorised dealer banks will be provided a similar facility to bear the full hedging cost for raising fresh 3–5-year FCNR(B) deposits until September 30, 2026.
With inputs from IANS
| 14-09-2018 | ||||||
| Sl No. | Parameters | Actual Data(µg/m3) | Standard Limit(µg/m3) |
|---|---|---|---|
| 1 | PM 10 | 64 | 100 |
| 2 | PM 2.5 | 33 | 60 |
| 3 | SO2 | 55.3 | 80 |
| 4 | NO2 | 58.2 | 80 |
| 14-09-2018 | ||||||
| Station | Temperature(degree centigrade) | Rainfall(mm) | Relative humidity(%) | |||
|---|---|---|---|---|---|---|
| Max | Min | Past 24 hrs. | Since 1st March, 2018 | Max | Min | |
| Ranchi | 31.0 | 22.5 | 000.0 | 1010.1 | 95 | 66 |
| Jamshedpur | 34.1 | 26.2 | 000.0 | 1252.8 | 87 | 58 |
| Bokaro | 33.5 | 24.6 | 015.2 | 824.0 | 92 | 79 |
| Daltonganj | 32.6 | 24.9 | 004.2 | 960.9 | 95 | 67 |
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