Diabytes
Foreign fund News
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The US dollar index, which measures the greenback's strength against a basket of six currencies gained 0.20 per cent to 103.64.
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The web-based tool enables decision-makers in various government departments to scrutinise source of foreign funds and their actual use in India.
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With overseas investors pumping in over Rs 2,000 crore in the Indian capital markets so far this month, total foreign fund inflows have crossed the Rs 81,000 crore mark since the beginning of the year.
Tightening screws on foreign fund raising, the Reserve Bank Tuesday banned domestic firms from raising such funds above the permitted levels and from extending guarantees for them to meet domestic funding needs.
The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a BIS report said on Sunday.
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