Fri, Feb 9, 2024 2:41 PM
Arcelor Mittal Nippon Steel, IOC decide to arbitrate dispute on Essar Steel
A Flip by Avya Verma
The Indian rupee has depreciated 2.3% against the dollar in 2024, reaching a record low of 85.12. However, at the same time, rupee volatility remains low compared to historical levels and other Asian currencies. High US yields and a strong dollar have primarily weighed on the rupee, while rangebound oil prices and RBI interventions have provided some support.
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The equity market was quite volatile in 2024 but one segment that grabbed many headlines was the equity derivatives segment that was high on the regulatory scanner as well, which ultimately led to significant changes in the rules that have altered the dynamics of the whole futures & options (F&O) segment.
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India's household financial assets are growing at a compound annual growth rate (CAGR) of ~12% per Reserve Bank of India (RBI) estimates, with equities and mutual funds capturing a larger portfolio share. Millennials now contribute nearly 25% of mutual fund inflows, showcasing demand for advanced instruments. From FY20 to FY24, mutual fund assets under management (AUM) grew ~24% CAGR.
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