It reported that India held a significant place in the arena of world derivatives markets. A weaker Indian rupee and a near-total collapse in derivatives turnover in the Bombay Stock Exchange (BSE) in 2015-16 had caused a decline in the turnover in dollar terms. That income inequality since the 1970s rose markedly in the US despite improvement in racial, spatial or gender inequality narrows the potential culprits considerably. The other is the relatively poor prospects for American financial markets in the next several years. V. Anantha Nageswaran is an independent financial markets consultant based in Singapore.

Source: Mint August 22, 2016 18:33 UTC