Having a seamless ecosystem for investing globally has made investing more interesting. It enables us to invest in themes that are highly promising but are not available through Indian mutual funds. We already know that, because of the cap by the RBI on Global investing through MFs, almost all the options for investing in international funds have been closed. The only way to invest globally is through the Liberalised Remittance Scheme (LRS), which permits resident…
First, some background. The entire NRI community is now aware of the high-interest-rate Foreign Currency Non-Resident deposit scheme enabled by the Reserve Bank of India. Many banks have raised interest rates on these deposits after the RBI decided to cover hedging costs for 3 to 5-year FCNR Bank accounts until September 30, 2026. Although a lot of details and clarification is awaited from RBI, I am writing this based on the circulated information. The key proposition is that you deposit X amount,…