RBI eases foreign direct investment rules

Tags: News
The Reserve Bank of India (RBI) on Thursday relaxed foreign direct investment regulations to allow investors to exit their investments subject to the conditions of a minimum lock-in period and without any assured returns.

The RBI said the relaxation was expected to facilitate great foreign direct investment (FDI) inflows into the country.

Asia's third-largest economy saw FDI inflows from April to October in 2013 drop 15 percent from a year earlier to $12.6 billion, despite the opening of new sectors.

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