Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the next RBI governor for a three-year term, succeeding Shaktikanta Das. He takes charge amid high inflation and slowing growth, facing the challenge of balancing economic recovery with price stability. Malhotra, currently revenue secretary, has a strong background in taxation reforms and financial services.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential
December 29, 2024