India boosts liquidity into its mutual-funds industry

UPDATED ON OCT 15, 2008 10:31 PM IST
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India pumped liquidity into its markets and took measures aimed at helping its $106 billion mutual-funds industry on Tuesday as its rupee and stocks rallied after governments worldwide moved to restore confidence in the financial sector. Reserve Bank of India governor Duvvuri Subbarao said that the market situation was under control but did not comment on what more measures might come.

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