Subtle indications from FM speak ? - 'Volatility' implies fear of #correction - '5-year' implies expensive #valuation #risk over shorter horizon - 'digest' implies ride through the current cycle and wait for the next #market #cycle, in order to make better (average) return.

#Currency #markets witnessed edging out of Indian retail investors from #Rupee #derivatives last week. Most open positions in F&O were auto squared-off... while conflicting communication emanated from the brokers & central banker (#RBI).

#INR: after F&O positions in #Rupee #derivatives got auto squared-off last week, the deadline is postponed by 1-month until 3rd May. Besides, the new broker communication isn't very different after #RBI clarification -- so in reality, #currency #market dynamics has changed.

Did #RBI signal in the #INR #currency #market ? Central bank has managed to keep #Rupee stable for long (15-18 mths). However, that could change if #Fed delays rate cuts and #crude continues to spike. Speculation in F&O could come in the way of controlled #depreciation ?

Does setting long-period expectations mask likelihood of correction in near-term... or both are mutually exclusive ? #Nifty may hit 50,000-mark by 2031 and 75,000 levels in the next 10 years - positive on infrastructure, defence & capital market themes. [BT/ Raamdeo Agrawal]

The contrarian view over next year. "Returns may be a bit subdued in FY25" - Sampath Reddy, CIO, Bajaj Allianz Life [ET]

What could possibly explain this chart - Infra? Capex? Subsidies? Revadis?

M. Nageswara Rao IPS (Retired) Avg. (annual) depreciation of #Rupee under PM Modi (2014-25) is higher than MMS (2004-14) -- 4.2% vs. 3.1%. Since the making of chart (last year), Rupee slid ~6% more to ~92/$ ... taking 12 yrs of Modi avg. to ~4.7% (160 bps or 51% more than MMS). [linkedin.com/posts/rajendra… ]

M. Nageswara Rao IPS (Retired) New US Fed Chairman - "I am not so worried about the other guys on the other side of the ocean .. they are not freeing* their people to create & innovate." (2.15-2.30 mins) (*perhaps they know #Reservation, #SCSTact, #UGC, wokeism, gender laws, etc.) [linkedin.com/posts/mvopcpl_… ]