Current Affairs - International - Discussion

The Reserve Bank of India (RBI) notified that the United Arab Emirates (UAE) emerged as a top nation in making non-resident investments in Indian mutual funds (MFs). As of March 31, 2019, the foreign liabilities of units in Indian MFs made by UAE stood at Rs 14,979 crore, registering a share of 16%. The second place was acquired by the United States (US) with Rs 8,989 crore (9.6% share) followed by the United Kingdom (UK) with Rs 7,751 crore (8.3% share).