1. RBI doubled annual overseas borrowing limit for corporates to $1.5 billion and temporarily abolished interest rate ceiling for NRI’s foreign currency deposits in order to boost foreign exchange inflows.
2. Open ended equity mutual funds witnessed inflows of ₹15498 crore in June 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at ₹36.72 lakh crore.
3. BOI AXA AMC announces a change in name of AMC from BOI AXA Mutual Fund to Bank of India Mutual Fund, with immediate effect.
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