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The Reserve Bank of India (RBI) has relaxed several rules governing overseas investments. Particularly in the area of Overseas Portfolio Investments (OPIs). The RBI on Friday updated the Foreign Exchange Management (Overseas Investment) Rules, 2022. Which includes provisions related to OPI and relaxed several restrictions. Existing Paragraph 24(1) of FEM (OI) Directions, 2022 is replaced Read more: RBI relaxes Overseas Portfolio Investments..
The Federal Reserve System (US FED) is the central banking system of the United States. Its was created in 1913. With a focused view to provide the nation with a safer, more flexible, more stable monetary and financial system. US Fed: The current target range for the US Federal Funds Rate is 5.25% – 5.50%. Read more: Fed Interest Rate’s impact on Indian Stock Market..
Punjab National Bank (PNB) has received approval from its board of directors to open a representative office in Dubai. This is part of its expansion strategy to increase its outreach in the Middle East and tap into the growing financial markets in the region. “The bank has got the board of directors’ approval for opening Read more: PNB plans to expand overseas to start a representative office in Dubai..