SBI Mutual Fund has filed its DRHP with Securities and Exchange Board of India for a high-profile IPO, which will be entirely an offer for sale by promoters State Bank of India and Amundi India. The listing comes amid strong growth in India’s mutual fund industry, driven by rising retail participation and SIP inflows.
Dollar near two-month trough as US inflation data awaited
The US dollar experienced a decline against major currencies as investors closely monitor upcoming inflation figures. Both the euro and sterling gained strength, while the