
No country for international funds
Finshots Daily
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The R B I and the Mutual Fund Industry
In two thousand eight the r b i told the mutual fund industry that they could invest up to seven billion us. Dollars in foreign assets, but no more. In september 20 20, pure play. International funds managed a little over six thousand cro rupees,. But by septEMBER 20 21, that jumped three times to a whooping 21 thousand 100 cro rupees. And after mars outflow, you would need 75 rupees to buy the same dollar.
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