According to the weekly RBI data, foreign exchange reserves declined by $704 million to $354.517 billion in the week to July 3, on account of fall in foreign currency assets (FCA). FCA dipped by $410.1 million to $330.090 billion.
Equity Funds Attract Investors
Equity mutual funds continued to witness net inflows for the third month in the current financial year.
In the three months ended June 2015, net inflow in equity and equity-linked savings schemes (ELSS) stood at Rs. 32,933 crore. Retail investors accounted for a major chunk of investment in equity funds. The first quarter of the previous year witnessed a net inflow of only Rs. 9,013 crore according to data available with the Association of Mutual Fund in India. In June alone, equity including ELSS schemes witnessed a net inflow of Rs. 12,273 crore against Rs. 10,076 crore in May and Rs. 10,584 crore in April 2015.
Serena Williams beat Spain's Garbine Muguruza to win the Wimbledon for the sixth time and complete the 'Serena Slam' as the holder of all four major titles.
Serena won her 21st Grand Slam title and third of 2015.
In a survey of trust in national governments for 2014 conducted by the Organisation for Economic Cooperation and Development (OECD), India has secured second position amongst 40 countries. Switzerland has emerged at the top with Norway coming in third.
An impressive 73 per cent of Indians polled in the survey answered ‘yes’ to the question ‘Do you have confidence in the national government?
India’s Population Crosses 127-crore
On the World Population Day, India recorded a population of 127,42,39,769, which is growing at a rate of 1.6 per cent a year, and could make the country the most populous in the world by 2050.
India’s population is growing at a faster rate than China, which is now the world’s most populous country at around 1.39 billion.
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