Forex

AI summarySeveral mutual funds in India, including Tata Mutual Fund and DSP Mutual Fund, have temporarily suspended new investments in Gold Fund-of-Funds (FOFs) to control gold imports and stabilize the rupee. The article explains that the massive inflow of funds into Gold ETFs is increasing the demand for the US dollar, which is putting pressure on the Indian currency. Financial experts and fund houses state that this restriction is a measure to protect the rupee and does not indicate a predicted fall in gold prices.

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