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Podcast: News and Views
Episode: Breaking Views: Markets Bleed Amid Economic Slowdown, PSU Bank Stocks Worst-Hit
Description: Until a few days ago, the debate on the Indian economy was pivoted on determining whether or not it is experiencing a slowdown. However, that’s a thing of the past now. On 3 September, Indian markets witnessed what can only be termed a ‘meltdown’. The slowdown resulted in the market’s steepest plunge in the last eleven months. Shares of PSU banks have been worst-hit. Meanwhile, the rupee depreciated to 72.09 per US dollar.
In the previous couple of weeks, the government has announced a spate of measures and policy decisions to counter the economic slowdown. Finance Minister Nirmala Sitharam...