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New debt fund offer from Frankilin Templeton

Franklin Templeton Mutual Fund Scheme Name Franklin India Overnight Fund Objective of Scheme The Scheme intends to provide reasonable income along with high liquidity by

Bank fixed deposit rate of interests

Banks 0.6-1 Yr 1-2 Yrs 2-3 Yrs 3-5 Yrs Andhra Bank 6.60 6.80 6.75 6.75 Andhra Pragathi Gramina Bank 6.50-7.25 7.25 7.00 7.00 AP Gramina

US Dollar demanding the markets

Leading currency US dollar getting more demand from banks globally from banks and importers, strengthening of the greenback against major currencies overseas weighed on the