The Reserve Bank of India on Wednesday issued a notification that said it has expanded the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS). The central bank highlighted it has allowed authorised persons to facilitate remittances for availing financial services or products as per the International Financial Services … Read more
Amid a relative slowdown in developed markets, the Indian economy is on a firm footing for establishing itself as a global growth engine, attracting investors with its promising growth story. India’s allure as an emerging market has led to a surge in foreign portfolio investments (FPI), with more than $10 billion flowing into the equity … Read more
“Singapore exchange alone has an open interest of close to about 10 billion US dollars. And this 10 billion US dollars, which is almost five times of the exposure on the Indian Nifty Futures, is now going to completely switch to the NSE-IFSC exchange or the NSE International Exchange at GIFT City,” says V Balasubramaniam, … Read more