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SEBI Move To Cut MF Fees

• SEBI has reduced the expenses that funds companies can charge from investors, the big change is that it has outlawed the upfront commissions that fund distributors get for getting investors to put money into a fund.

10-year bond yield rises to 8.14%

• Government bonds (G-Secs) eased on selling pressure from banks and corporates and the overnight call money rates also ended lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system.
• 10-year bond yield rises to 8.14% from 8.10%.

US exempts India from steel import tariffs

• India has managed to secure an exemption from the US on steel and aluminium tariffs, but with certain conditions.
• It’s learnt that the US is willing to exempt a certain percentage of exports from India, which is pressing for a complete waiver of tariffs.