Excerpt from the Rakesh Jhunjhunwala Economic Times interview posted today –
ET
Now: An interesting stock you have is MCX. The reason why I want to revisit MCX is because a commodity exchange may not do well when there is a bear market in commodities. The numbers are also showing that volumes are coming down. Is that investment giving you second thoughts?
Rakesh Jhunjhunwala: No, I do not think. In India gold consumption is not going to go down and
it is a primary centre for gold and silver and also oil. Maybe volumes will come down a bit, but I do not see any replacement for it. If they are able to introduce options and futures, then I think they
will take the cake and have the highest volumes
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