The Reserve Bank of India (RBI) has debarred the residents of India to buy properties abroad in a move to curb foreign exchange flows. So if you’re planning to add an asset in your stature by buying a property in Singapore or Dubai then shatter the thought for now. If a resident buys a property abroad then the cash flows from India to abroad, hence the amount of outflow swells, weakening the Rupee. Thus by proposing a restriction like this, RBI expects to revitalize the weak Rupee.The overall outward remittances in May this year was $7.2 mn compared to last year’s $5.9 mn. In this financial year (2013), the outflow due towards purchase of immoveable properties is about $77.7 mn. Mostly Indians buy a property outside the country because they want to hold as asset in a currency other than Rupee as an investment purpose or holiday home. Apart from real estate, cash flows in the globe for investment in equity, care of relatives and education. However properties top the list.The research firms and consultants have said that it’s a bad news for those eyeing properties abroad. However it is also expected that this ban will be lifted within 2-3 months if Rupee gains its health. The people who will be affected from this proposal will be mostly High net-worth individuals (HNIs). займ на карту без отказов круглосуточновзять кредит онлайн