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The Finance Invoice's restriction on resident Indians investing greater than five% indirectly in offshore cash is hindering world-wide fund supervisors from shifting to India. This five% limit, aimed at avoiding spherical-tripping, is difficult to track and deterring fund administration activity in GIFT Metropolis.
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This suggests a shift in momentum in the direction of the upside and a better chance of further more advances in the coming hours. Attainable Very long Trade:
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