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Can a Resident Indian utilize more than the amount specified (USD 2,50,000) under LRS for buying foreign listed securities?

An Individual cannot remit more than USD 2,50,000 in one financial year under LRS scheme however, a resident individual investor who is not permanently resident in India after having remitted their entire earnings and salary, wish to further remit other income over and above the limit of USD 2,50,000, may approach RBI with documents through their AD bank for approval.

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