Sale of foreign securities
This query is : Resolved
11 November 2012
Dear all,
The client(who is a resident of our country now)of my firm holds foreign securities which he had acquired under ESOP scheme few years back, now he intends to sell them. i just wanted to know what foreign exchange rate would be applied for transaction to convert it into INR?
The client(who is a resident of our country now)of my firm holds foreign securities which he had acquired under ESOP scheme few years back, now he intends to sell them. i just wanted to know what foreign exchange rate would be applied for transaction to convert it into INR?
12 November 2012
The rate as on the date of transfer (SBI TT selling rate)
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