Starting this month, we are starting a series called Weekly Updates on MyWay blog. This would be a brief summary of what happened in the past week in Indian financial markets (with a special emphasis on Mutual Funds). If you would like to hear about any specific topic from our Mutual Funds
Indian equities sighed relief as it broke out of a long losing streak and ended the week with an uptick. While RBI maintained status quo on interest rates, its decision to percolate liquidity to the tune of 12-thousand crore rupees resonated positively with the markets. With RBI asserting that the economy is well on track to maintain inflation within target ranges, intermittent softening of crude prices supported the view.