Comment on Investing in US stocks through NSE IFSC
commented on
08 Mar 2022, 03:48 PM
Hey Gyan, No, GIFT city is meant only for non-resident Indians and foreigners looking for India exposure. When an Indian investor transfers money to GIFT city, it is treated as transferring money out of India using LRS (Liberalized Remittance Scheme). Any money transferred using LRS can’t be used for trading margin’d products or derivatives. Here is the RBI FAQ—check question 2 and point ii.