RBI doubles NRI limit to 10% in listed Indian companies

RBI considers PROI access, markets rebound

RBI isn't stopping there: it is looking to let other foreigners (called PROIs) use these same, hassle-free investment rules.
That means more people could join in without jumping through heavy registration hoops.
After the news, Indian markets saw some ups and downs but quickly bounced back, with banking stocks leading the way.