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Permit NRI Currency equivocation ASSOCHAM suggests RBI

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As per to the sources saying @ the www.propertykhazana.com, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) had suggested RBI to permit NRIs to girdle their dinero risk in Indian dinero and give regulatory supports, approving retail investments in Indian stock markets from NRIs and from foreigners. President of ASSCOHAM said to www.propertykhazana.com that, “Regulations which is allied to NRI investment in Indian stock market are convoluted, cumbrous and outdated.
And these things have to be cleaned up. Investments by NRIs are bludgeoned with these by FIIs for deciding the total FII investment limit in any of the companies, duly of which NRIs are dismantled of a chance to invest in most conglomerates even when the market is losing.” For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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