According to the Liberalized Remittance Scheme (LRS) created by RBI, an Indian resident is allowed to send out a maximum of 2 lakh USD (around 1.2 crore) in a financial year if buying a property outside the country. Due to recent economic struggle and the not-so-strange case of failing Rupee, this scheme is no longer available for purchasing immoveable property abroad. It is believed that this strategic step would decrease the outflow of money and support the Rupee in attaining its strength back.Nevertheless it’s not that you cannot buy anything from other countries. The RBI still allows payment up to 75,000 USD for other purposes than buying a property. Mostly the investors and a major portion of high net-worth individuals were interested in having an asset abroad to escape from Rupee tantrums but as the new compulsion has been proposed, these people would be settling for properties in the home ground.Apart from lowering LRS, the apex bank has also decreased Overseas Direct Investment (ODI) limit and pulled up the import duties on gold. The Chief Economic Adviser (CEA), Ministry of Finance, Raghuram Rajan has initiated these tactical rules to uplift the monetary market. As a result, the investors and HNIs will look for business in the home country, impacting positively to the economy.займ на карту без отказов круглосуточновзять кредит онлайн