Resident individuals are not permitted to transact in BDR on IIBX: IFSCA
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- Last Updated on 25 June, 2022
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Circular no. 329/IFSCA/DPM/TS/2022-23/1, Dated: 17.06.2022
The IFSCA has clarified that resident individuals, as referred to in the RBI circular dated 16.02.2022 on Liberalised Remittance Scheme (LRS), are not permitted to transact or invest in Bullion Depository Receipts (BDR) on India International Bullion Exchange (IFSC) Limited (IIBX) through the LRS route.
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