Thanks to the Liberalised Remittance Scheme (LRS), Indian residents can remit up to USD 2,50,000 each financial year. As a result, more and more Indian investors are opening brokerage accounts in the USA to invest in stocks listed on the NYSE and NASDAQ.

This trend has really gained momentum in recent years, especially with the wide adoption of AI. Since ChatGPT's launch, the Indian Rupee (INR) has depreciated against the US Dollar, going from approximately Rs. 81 per USD in November 2022 to over Rs. 96 per USD in May 2026. So, even if no trades are made, the INR-equivalent value of the deposited funds may have increased simply due to exchange rate movements.