HNIs face new dos & don'ts on foreign bets https://ift.tt/a38Jtbs now, a person (besides investing in listed stocks) could invest up to 10% in a foreign 'holding' or an unlisted investment company - often created by a group of HNI investors coming together. This investment vehicle in turn traded in financial derivatives and cryptos which are disallowed under the LRS.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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