Debt mutual funds experienced a strong rebound in October, attracting Rs 1.59 lakh crore. This surge was primarily fueled by institutional investors reallocating funds after quarter-end adjustments. Liquid and overnight funds saw the largest inflows, indicating a shift towards safer, short-term investment options. This marks a positive turn after two months of outflows, signaling renewed confidence in the debt market.
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.