Bay Capital India fixed income fund boosted by rupee rally against the dollar

Mon Feb 20, 2012

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The Mauritius-registered Bay Capital India Fixed Income Fund, which runs assets of around $50 million, delivered an 8.73% return in January, its robust performance during the month driven primarily by the appreciation of the Indian rupee against the US dollar.

The fund, which was launched in October and was invested in 14 securities during the period, saw its underlying portfolio denominated in Indian rupees contribute...

ISSN: 2151-1845 / CDC10004H

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