Ex-SEBI Official on Falling Rupee, FIIs, and Indian Markets | ft. Ananth Narayan & Monika Halan

This episode was recorded on 10th May, 2026. 00:00 - Episode Highlights 00:51 - Guest Introduction 01:36 - Currency Depreciation Explained 03:14 - Understanding Capital Flows 07:53 - Financial Repression in India 10:24 - Equity Market Overvaluation 13:21 - Interest Rates and Currency 15:31 - RBI's Dual Role 21:46 - Taxation on Debt Funds 24:48 - Free Markets vs Intervention 28:53 - Importance of Asset Allocation 30:15 - SIPs and Market Supply 32:08 - Investing in Overseas Markets 36:34 - Corporate Fund Raising 40:40 - Geopolitics and Policy Actions 43:32 - Derivatives and Prediction Markets 47:43 - SEBI's F&O Concerns 55:11 - Regulating Prediction Markets 57:16 - Future of Crypto Assets 63:55 - Future Market Outlook 68:28 - Podcast Conclusion In this episode of the Growwing India Podcast, we decode the complex forces driving the Indian economy today. The host, Monika Halan, is joined by Ananth Narayan, former Whole-Time Member of SEBI and veteran currency trader, for a masterclass on interest rates, currency depreciation, and the hidden realities of the stock market. Why is the rupee hovering near record lows? Are Indian equity markets dangerously overvalued due to the massive domestic SIP boom? What is "financial repression", and how do RBI policies and debt taxation impact your savings? Anant also breaks down SEBI's perspective on the massive retail surge in futures and options (F&O) trading, the rise of prediction markets like Polymarket, the future of cryptocurrency in India, and how everyday investors should navigate the turbulent 12–24 months ahead through smart asset allocation. If you want to understand the macroeconomic 'why' behind your portfolio's performance, this episode is a must-watch. About Groww Groww is India’s Best Investment App and the Largest Stock Broker. Find us here: Android app: https://app.groww.in/v3cO/f9o4prne iOS app - https://app.groww.in/v3cO/tu0yrc3e Website - https://groww.in/