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RBI action raises alarm for Indian funds industry

Liquidity tightening by the central bank has caused negative NAVs for bond funds across the yield curve. Heavy redemptions could cause problems, but hope remains.
RBI action raises alarm for Indian funds industry

Alarm bells are ringing once again for India’s funds industry following liquidity tightening by the central bank to prop up a weakening rupee and rein in a sprawling current account deficit.

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