In recent months, the US has expressed concern over India's FDI rules in e-commerce that ostensibly hit players like Amazon and Walmart-backed Flipkart.
ULIPs are a combination of investment and insurance. Hence, the premium that the investor pays towards his ULIP gets divided, and a part of it goes towards the investor's insurance coverage and the remaining for investments.
A disappointing GDP report could lift USD/INR above its two-month range between 70.5 and 71.5 and bring it closer to the year's high around 72.5, believes DBS.
