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Debt monsoon follows rupee dry spell

Tata Mutual Fund has added to the deluge of Indian short-term debt funds that have been hitting the market in their numbers of late. There have been rupee debt funds opportunistically launched by the likes of Tata, Fortis, ICIC, IDFC, DSP and Fidelity in recent weeks, which have largely been taking advantage of a spike in interest rates in short-term…

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