Indian regulators are unlikely to permit any increase in the limit on mutual fund investments in overseas assets, in part because it could further pressure the rupee which is already at historic lows, said two people familiar with the matter.
There is a cap of $7 billion on total investments by Indian mutual fund schemes in foreign funds which actually hold the assets. There is a separate limit of $1 billion for local funds that invest in foreign exchange-traded funds (ETFs). A collapse ..
