witnessed a net outflow of ₹32,722 crore in May compared with the previous month’s net inflow of ₹54,756 crore, data with the Association of Mutual Funds in India (Amfi) showed.This is likely to be fallout of the Reserve Bank of India (RBI) hiking the policy repo rate by a cumulative 90 basis points (bps) to 4.9% during the span of a month. One basis point is one-hundredth of a percentage point.
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