The Reserve Bank of India (RBI) has allowed authorised dealer (AD) banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies, paving the way for broader foreign participation in the country's equity markets beyond Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). 

This comes amid the rising global concerns that have caused the regular decline in value of the Indian Rupee. According to IANS, the new framework came into effect on June 15 when a notification was issued by the central bank on June 13 and uploaded to its website on Monday.