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RUPEE OPENS - Rupee Opens At 66.95/$ Vs 66.92/$ On Monday IDBI BANK MD & CEO - Urging Govt To Relax Resolution Mechanism

RBI’s Move To Tighten Liquidity Hits Debt MFs

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July 18, 2013: The debt mutual fund space is another section that has been hit hard by RBI’s measures to tighten liquidity. The overnight hike in rates has resulted in a sharp drop in the net asset value of bond funds and raised fears of a surge in redemption's.