Latest Answer: Hi Guys,
As per news, RBI had said in its bi-monthly monetary policy statement that , on a review of the external sector outlook and as a further exercise in macro-prudential management, it has been decided to enhance the limit under the Liberalized Remittance Scheme (LRS) to $ 250,000 per person per year. The LRS allows residents to acquire and hold shares, debt instruments or other assets outside India without prior approval of the RBI.
