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As FY25 nears its end, investors must navigate key tax changes in mutual funds. Equity fund STCG rises to 20%, LTCG to 12.5%. Debt funds face uniform short-term taxation under Section 50AA, impacting long-term investment strategies and returns.
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The Reserve Bank of India's foreign exchange reserves increased by $15 billion in the week ending March 7, reaching $653.9 billion. This is the largest single-week gain in over two years. The rise was due to the revaluation in the dollar index and foreign exchange swaps by the RBI. Foreign currency assets and gold reserves also saw increases.
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News and Media
The euro gained on Friday after German parties agreed on a fiscal deal that boosts defence spending and infrastructure. The dollar weakened against the euro but strengthened against the Swiss franc and the yen. U.S. inflation expectations rose, hinting at the Federal Reserve's cautious approach to rate cuts. The pound weakened as the British economy contracted.
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News and Media
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