Borrowing & Lending
in Rupees and Forex
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Points to Remember:

  • A person resident in India can borrow in INR from NRIs/ PIOs on non-repatriation basis only.

  • A RI can grant loan to NRI close relative within the overall limit under LRS per FY available for a RI. It would be the responsibility of the lender to ensure that the amount of loan is within the limits prescribed under LRS during the FY.