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Indian investors can trade in select US stocks via NSE IFSC from March 3

Trading in US stock receipts will be conducted over two calendar days beginning 20:00 pm on day one and extending up to 2.30 pm the next day

Photo: Bloomberg
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Photo: Bloomberg

Ashley Coutinho Mumbai
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs).

For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil.

Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the