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RBI allows foreign investors to buy mutual funds

The RBI saidthat qualified foreign investors can buy rupee-denominated units of equity schemes of local mutual funds.

RBI allows foreign investors to buy mutual funds

The RBI said on Tuesday that qualified foreign investors can buy rupee-denominated units of equity schemes of local mutual funds.

Total investments by these investors would be subject to a limit of $10 billion, the Reserve Bank of India said in a statement. 

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