The markets seem to have digested the surprise resignation of Reserve Bank of India (RBI) Governor Urjit Patel and the setback the Bharatiya Janata Party (BJP) suffered in the state polls by closing with gains on Tuesday. However, money managers are maintaining a cautious stance.
While election-related uncertainty is out of the window for now, they are closely eyeing the developments on Mint Street. Some fund managers are concerned whether the good work done by the central bank on inflation and clean-up of banks may get undone due to change in the leadership. “The ...
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