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India Equity Fund Investors Turn

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India Equity Fund Investors Turn Cautious as War Risks Grow

A passenger sits below an advertisement for the Mutual Funds Sahi Hai campaign by the Association of Mutual Funds in India (AMFI) at a bus stop in Mumbai, Maharashtra, India, on Thursday, May 18, 2017. Flows into mutual funds from towns outside India's 15 biggest cities surged 41 percent to a record 3.1 trillion rupees ($48 billion) at the end of March, according to the latest data from the AMFI. Photographer: Dhiraj Singh/Bloomberg

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Times of India 10d ago

India holds rates, ramps up measures to support faltering rupee

India holds rates, ramps up measures to support faltering rupee MUMBAI, June 5 : The Reserve Bank of India held its policy rate steady on Friday and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows. The measures include scrapping capital gains tax for foreign holders of government bonds, sweetening dollar deposit schemes for non-resident Indians, and subsidising hedging costs for offshore borrowing. The...

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