RBI’s complicated talk finally makes sense to individual investors
For the sake of small mercies, all the much hyped RBI talk about capital and curre
nt account convertibility was as Greek to individual investors as, well, Greek! Perhaps, it’s only now that such complicated adjectives have been finally converted into concepts that can be easily utilized by the common man... uhh, that is, if he has that much money to invest! Cutting the edgy humour short, the fact is that RBI’s recent decision to double the annual remittance limit for individuals to $100,000 per Financial year (from the earlier limit of $50,000)can actually work wonders for an investor who wants to own different asset classes in different countries.
For Complete IIPM Article, Click on IIPM Article
For the sake of small mercies, all the much hyped RBI talk about capital and curre
nt account convertibility was as Greek to individual investors as, well, Greek! Perhaps, it’s only now that such complicated adjectives have been finally converted into concepts that can be easily utilized by the common man... uhh, that is, if he has that much money to invest! Cutting the edgy humour short, the fact is that RBI’s recent decision to double the annual remittance limit for individuals to $100,000 per Financial year (from the earlier limit of $50,000)can actually work wonders for an investor who wants to own different asset classes in different countries.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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