News From Press Overseas investing limits for mutual funds will depend on rupee’s stability: Das

Overseas investing limits for mutual funds will depend on rupee’s stability: Das

Source:Mint Jan 12, 2024

Reserve Bank of India governor Shaktikanta Das said the central bank is waiting for the right time to increase the overseas investment limit for domestic mutual funds, which is currently capped at $7 billion for the entire industry.

The RBI governor said although the rupee has stabilized after it was under pressure at the start of the Russia-Ukraine war, RBI is still waiting for the right time to revise the overseas investment limit for mutual funds.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Multi-year health cover offsets rising premiums

New surrender value norms: Life insurers turn to policies with high value

Unifi Asset Management gets SEBI nod for mutual fund operations

As market indices continue to slide, should mutual fund investors halt their SIPs for the time being?

Liquid funds: Go for fund with large AUM, high credit quality and low cost

MFs buy renewables, cement and pharma in October

Active equity mutual funds' cash holdings top May 2023 highs

Market chaos: Equity funds that have corrected the most since September peaks

Will my old disease be covered if the cured period is over three years?

Equity mutual fund schemes keep powder dry amid volatile markets

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS