Liberalised Remittance Scheme

Buying that exotic home overseas just got easier thanks to Raghuram Rajan

Buying that dream home in an exotic location abroad just got easier as the Reserve Bank of India (RBI) on Tuesday doubled the annual overseas investment ceiling for individuals to $2,50,000 from $1,25,000 as India's foreign exchange reserves have scaled an all-time high.

It's 1991 again as RBI clamps capital controls, bans property buy abroad

The limits have been lowered for Indian companies seeking to invest abroad and Indian citizens wanting to remit money abroad.