INFLATION IS NOW among the hottest topics around the world as central banks globally are hiking rates ferociously to neutralise it. In India, the RBI has been indicating that inflation is manageable, has reached its peak and is likely to decline gradually to its comfort zone. It is possible, since the economies and dynamics, including the labour markets are different.
However, the domestic market is pricing in higher-than-indicated hikes in coming months.
This is partly because the market believes that it is not completely out of the inflationary woods. On the other hand, Indian bond markets are looking to see our sovereign bonds included in the Global Bond Indices (this time, it seems more real), and want to benefit from gains.
All this has driven volatility in bond markets and makes investing indeed a difficult task.
This story is from the September 28, 2022 edition of Financial Express Mumbai.
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This story is from the September 28, 2022 edition of Financial Express Mumbai.
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