Subramaniam stressed the need for investor education and responsible distribution. “Equities are a good wealth creation and inflation-beating asset class, but not like a lottery. Distribution is key because a lack of trust in financial institutions was surprising to me, despite big names like SBI and HDFC being in the space.”
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian