I am not referring to the FIIs - just an ordinary Indian citizen who has US dollars with him.
@ShubhS9 Is there any option to hold indian equities with USD currency without converting them
This is not possible. You will have to make investments INR only.
Indian direct equities will not be possible which is same in any country but if your idea is to get Indian exposure. u might try some global ETF / MF offerings available in US which focuses on emergeing markets etc…
So how do Indians settled in US, earning dollar salary - invest in India?
they open NRI account and convert USD to INR and invest