Getting started
What is l₹?
The RBI scheme that lets you send money abroad, up to a yearly limit.
Explained in more detail
L₹ stands for Liberalised Remittance Scheme. A resident individual may remit up to USD 250,000 per financial year for permitted purposes including overseas investment, education and travel. The limit is per person and covers everything combined.
An example
For instanceBuying US shares through a foreign broker uses your L₹ limit.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time l₹ appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.