November 22, 2024 14:08 (IST)
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Reserve Bank of India allows resident Indians to open foreign currency accounts in GIFT City

Reserve Bank of India allows resident Indians to open foreign currency accounts in GIFT City

New Delhi/IBNS: The Reserve Bank of India (RBI) has allowed Indian residents to open foreign currency accounts in Gujarat International Finance Tec-City (GIFT City), widening the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).