RBI economists back pause on rates as inflation cools, growth stays strong
Economists are largely suggesting the Reserve Bank of India (RBI) to pause policy rates, encouraged by lower inflation and strong economic growth. Market participants are expected to advocate for a rate reduction, aligning with the US Federal Reserve’s recent cut. The monetary policy committee is scheduled to meet, with the rate decision to be announced […]
Rupee falls 12 paise to close at 88.28
The Indian rupee weakened to 88.28 against the dollar on Monday, influenced by concerns over Trump’s H-1B visa fee hike and its potential impact on Indian remittances. Traders fear the increased visa costs could lead to equity outflows from the IT sector and pressure the rupee.
Retail investors flock to Fund of Funds schemes for tax breaks and diversification
Retail investors are increasingly investing in fund of funds (FoFs) due to tax benefits, diversification, and easy access to multiple fund managers. Inflows have surged this financial year, driven by post-budget tax rule changes. FoFs offer flexibility in asset allocation and fund manager selection, though they come with an additional layer of expense.