Toronto Stock Exchange · Basic Materials
Invest in Roxmore Resources stock from India
Indian and foreign residents can buy Roxmore Resources (RM) shares directly through Paasa.
By Paasa · Updated
Roxmore Resources at a glance
- Price
- CA$4.82+CA$0.35 (7.83%)
- Market cap
- CA$344.44M
- Day range
- CA$4.46 – CA$4.83
- P/E
- —
- Dividend yield
- None
- Volume
- 438.66K
- 1 month
- +20.80%
- 6 months
- +46.50%
- YTD
- +100.83%
- 1 year
- +100.83%
- 5 years
- +100.83%
How to invest in Roxmore Resources from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search RM and buy
Find Roxmore Resources by name or by its ticker, RM, and place your order.
Why invest in Roxmore Resources from India
What Roxmore Resources does
Roxmore Resources, Inc. is an investment company, which engages in investing in life sciences, mining, industrial, and technology industries. Its portfolio includes the Newton Gold Project, Converse Gold Project, Rattlesnake Hills Gold Project, and Gulliver River Project. Roxmore Resources operates in the Other Precious Metals industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Roxmore Resources stock from India?
Yes. Indian residents and NRIs can buy Roxmore Resources (RM) shares directly through Paasa. Roxmore Resources is listed on the Toronto Stock Exchange, in the Other Precious Metals industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Roxmore Resources shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.