Equity mutual funds have lost up to 5% return in the last week. There were 463 funds in the said period, of which 393 gave negative returns and only 70 gave positive returns. (Source: ACE MF).
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.