Listicles

Top 5 forex rules for Indian investors

Rules governing foreign exchange transactions come under RBI’s LRS

Remit foreign exchange only for current account/capital account/combination of both

Remit a higher amount than USD 2,50,000 by consolidating limits of family members

For capital account transactions clubbing of limit not permitted unless they are co-owners

Forex purchase needs to be made from an authorised dealer (AD)

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Top 5 amazing facts about S&P 500 Index

S&P 500 the top-most single indicator of large-cap US stocks

S&P 500 Index includes nearly 500 leading corporates

Nearly $10 trillion of global funds are indexed or benchmarked to it

Top 3 sectors in S&P 500 are IT, Health Care and Communication Services

Top 3 stocks in S&P 500 Index are Microsoft, Apple and Amazon by index weightage

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5 facts about LRS for Indian investors

LRS addresses all concerns related to foreign exchange

Remit up to 2.5 lakh US dollars (USD 2,50,000) in each financial year

Remit foreign exchange only for current account/capital account/combination of both

Shares & property investment defined as capital account transactions

Special rules for investment across shares and mutual fund schemes abroad

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