RBI doubles the Forex remittance limit by resident-individuals under Liberalised Remittance Scheme

FEMA/ILT : Liberalised Remittance Scheme (LRS) for Resident Individuals – Increase in Limit from Usd 125,000 to Usd 250,000 and Rationalisation of Current Account Transactions – Remittance Facilities for Persons Other Than Individuals