The Core Report #455 Markets Are Flat As Flat Goes
Dec 10, 2024
In this engaging conversation, Ashok K Bhattacharya, Editorial Director at Business Standard, shares his insights on the stagnant markets and the challenges posed by a declining rupee. He discusses the fresh leadership at the RBI and its potential effects on monetary policy. The booming airline industry, projected to exceed $1 trillion in revenues, is also on the agenda. Plus, Bhattacharya dives into the clothing manufacturers’ protests over GST hikes and the evolving consumer behavior spurred by the pandemic, highlighting the rise of rapid delivery services.
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Flat Markets
- Indian stock markets ended relatively flat, with minimal changes in major indices like SENSEX and Nifty 50.
- Broader markets, however, showed slight increases, and equity mutual funds saw continuous inflows.
New RBI Governor's Tasks
- The new RBI Governor, Sanjay Malhotra, faces key tasks like deciding on the Monetary Policy Committee composition.
- He must also appoint a deputy governor for monetary policy.
Unfinished Agenda
- One of Shaktikanta Das's unfinished tasks is the Unified Lending Interface, aiming to democratize lending.
- Another is balancing inflation control with growth stimulus.