It will be 'silly to leave India', says crisis-hit Franklin Templeton; launches new NFO
Updated: 27 Jul 2022, 08:13 AM IST
TL;DR.
The company is incredibly profitable in India, where it has ₹57,000 crore of Assets Under Management (AUM) from 20 lakh investors.Whether or not RBI’s and government’s latest moves will prevent the rupee from falling further is not the real question. What is important is that there continues to be a healthy communication and coordination between the monetary and fiscal arms of economic policy making. (AFP)