The gross buy-to-sales ratio for these funds also moderated to 1.1 in July compared with the one-year average of 1.2. The ratio depicts the strength of investment. The gross purchase of local funds at Rs 80,131 crore was the lowest in fourteen months.
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Positive factors that could support the uptrend include record-high GST revenue, FIIs and DIIs being net buyers, and WTI oil prices falling below $80 a