September 12, 2024 20:13 (IST)
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).
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