HNIs more cautious on foreign investment after new rules kick in

High net individuals (HNIs) can no longer sidestep the rules and regulations to trade in stocks, cryptocurrency and derivatives abroad. With the new rules and regulations, they are now required to be more careful with foreign investments, according to a report by Economic Times (ET).

According to the new rules of the Liberalised Remittance System (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc. It is regulated by the Reserve Bank of India (RBI). Till now, a person could invest only 10 per cent in a foreign unlisted company. 

Investment in cryptocurrencies and financial