RBI plans unified code for foreign investment in equity instruments

Mumbai: The Reserve Bank of India (RBI) Tuesday proposed replacing a seven-year-old set of rules with a single framework that would govern overseas fund flows into equity instruments across companies, limited liability partnerships, and specialized investment vehicles.The Foreign Exchange Managem...

First seen 45m ago · latest update 45m ago · India · business

Developing: this story surfaced recently from a single outlet. It appears early by design — expect the confidence score to move as more outlets report (or don’t).