What's Happening in Indian Financial Markets?
There is fear is on the Street. The weakening rupee and elevated oil prices were certainly causes for worry, but did not trigger panic-selling. Shadow banking, which was often talked about as the biggest risk in China, seems to have reared its head closer home instead. The selling by foreign investors and the anticipation that RBI might increase policy rates in its October meeting is also pushing bond yields up. Please watch this video to know Vishal Dhawan’s view on current market environment