Mutual fund : After the Indian National Rupee (INR) continues to fall against the US Dollar (USD), equity mutual fund investors are concerned about their returns as the Indian Rupee hit its lowest level last week and some analysts are predicting further weakness in the Indian currency. According to market experts, the fall in the rupee is caused by the continued withdrawal of REITs and FIIs from Indian stock markets and rising crude oil prices in international markets. But, foreign investors were offset by continued buying by DIIs and retail investors. However, India has managed to keep inflation under control, which could help the rupiah gain ground once the US Fed’s stance on interest rates shifts from hawkish to dovish. So, medium to long-term equity mutual fund investors should not panic as the falling rupiah would mainly affect the short-term equity mutual fund returns.