Question
Which country has recently surpassed Mauritius as the
region with the third-largest assets under custody for foreign portfolio investors (FPIs) investing in India?Solution
Luxembourg surpasses Mauritius as the region with the third-largest assets under custody for foreign portfolio investors (FPIs) investing in India. Luxembourg's AUC grows 30% to ₹4.85 lakh crore, making its equity assets second only to the US. Investments from Mauritius dip nine percent to ₹3.9 trillion due to regulatory oversight and tax treaty changes.
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