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.

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