What is investment through Primary markets and investment through Secondary markets?
Investment made in Initial Public Offerings of shares/debentures of new or existing companies is called primary markets investments. Here, no individual permission of RBI is required, since the Companies offering shares/debentures normally take the permission. Applications can be made out of funds drawn from NRE/NRO a/c on repatriation/non- repatriation basis as may be specified in the terms of the NRI issue.
