The rupee gained 46 paise to 94.45 against the dollar on optimism over a potential India-US trade deal and RBI measures. However, elevated crude prices, foreign outflows and global financial pressures continue to threaten the currency’s recovery.
Equity MF inflows slide 14%; large & midcaps gain traction
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large