NRIs and OCIs receive the biggest relief yet! This historic decision by the RBI will unleash a massive investment wave in the Indian stock market. NRI-OCI got the biggest relief till date! This historic decision of RBI will bring huge investment storm in the Indian stock market. – ..

A very wonderful and big good news is coming from the Reserve Bank of India (RBI) for the Indian economy and domestic stock market. The Central Bank has given a huge diplomatic relief to Overseas Indians i.e. NRIs and Overseas Citizens of India i.e. OCI card holders living on foreign soil. RBI has announced new rules to make the old and complex process of investing in the country’s stock market very simple and easy. As soon as this decision came, not only has there been a wave of happiness among foreign investors, but Dalal Street experts believe that this step has the power to change both the direction and condition of the Indian market.

Know what are the new rules of RBI and where the expatriates have got the biggest relaxation According to the new guidelines issued by RBI, now the limit for investing money in shares and mutual funds of Indian companies and the paperwork related to it has been simplified to a great extent for NRI and OCI investors. Whereas earlier these investors had to go through many stringent diplomatic rules, approvals and lengthy processes, now under the new system they will be able to make big investments directly in the Indian equity market in a very short time and without any hassle. Banking and financial sector experts say that this liberalization in rules is the biggest masterstroke so far to attract foreign funds.

How will the Indian stock market get bumper benefits and why will it rise? From a reporter’s point of view, the most direct and biggest positive impact of this new rule is going to be seen on the Sensex and Nifty of the Indian stock market. By making the routes easier for the migrants, a very large and huge flow of foreign capital will start in the Indian stock market. Due to this, the liquidity i.e. the amount of cash in the market will increase rapidly, due to which there is every possibility of a huge rise in the prices of shares of domestic companies. Especially for the companies in the smallcap and midcap segment, this decision is no less than a lifesaver, because NRI investors will now be able to invest money freely in these sectors also.

The country’s economy and the strengthening of the rupee will get new momentum in the coming days. The impact of this big and far-reaching decision will not be limited to the stock market only, but it will provide a new strength to the Indian economy at the global level. When a large amount of foreign currency will come to India, it will increase the country’s foreign exchange reserves and the position of the Indian rupee against the dollar will also strengthen. Experts claim that amidst the shadow of worldwide recession, this step of India gives a strong and clear message to the global investors that the Indian market is still the safest and highest return destination in the world for investment.