India brings down the max limit on forex purchase from $200K to $75K, a year. WHAT IF… India puts restrictions on foreign exchange for overseas study!!! | RLS's Blog

India brings down the max limit on forex purchase from $200K to $75K, a year. WHAT IF… India puts restrictions on foreign exchange for overseas study!!! | RLS's Blog: "Today is INDEPENDENCE DAY and one of the few days in a year when all of us feel proud of relatively young nation. However, this morning, newspapers talk of the RBI’s increased restrictions on foreign exchange for resident Indians. It prohibits purchase of properties overseas and also changes the limit of forex use from $200,000 a year to a much reduced $75,000 per year. (See newspaper article here)"

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