NSE to start trading in US stocks at Gift City, list of scrips not yet out

Domestic retail investors will be able to transact on the platform under LRS scheme prescribed by RBI which permits a resident individual to remit up to Rs 1.86 crore per year

NSE International Exchange, a subsidiary of the National Stock Exchange (NSE), plans to launch trading in US stocks at the Gift City, an international financial services centre (IFSC).

Domestic retail investors will be able to transact on the platform under the liberalised remittance scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which allow a resident individual to remit up to $250,000 (Rs 1.86 crore) per financial year.

NSE has not yet disclosed the US stocks that will be available for trading. The stocks will be listed under an unsponsored depositary receipt (DR) programme. Under this, DR of