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India’s Rupee Under Pressure as Mutual Funds Restrict Gold ETF Investments
By Qadir AK at 2026-11-01 13:20
Sentiment: Unknown
The post India’s Rupee Under Pressure as Mutual Funds Restrict Gold ETF Investments appeared first on Coinpedia Fintech News India’s currency pressure is intensifying despite an estimated $75–80 billion in RBI intervention since June, with the rupee trading near ₹97 per dollar. HDFC, Kotak Mahindra and UTI have reportedly suspended bulk subscriptions to their gold ETFs following discussions with SEBI. The move aims to limit a potential surge in gold demand ahead of Diwali. … Continue reading...
Categories: Short News
Tags: #Short News #Economy
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