MUMBAI The Reserve Bank of India's Deputy Governor Subir Gokarn's term has been extended to December 31, a finance ministry official, who did not wish to be named, said on Wednesday.
Gokarn's three-year term was supposed to end on November 24. He handles the monetary policy department among others and also represents the RBI at the G-20 Deputies' forum. (Reporting by Arup Roychoudhury; Editing by Prateek Chatterjee)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column