Our view is that we should expect another more than 100bps in interest rate hikes over the next six months, bringing the policy rate to more than 3.5%.
The Tantallon India Fund closed up 2.96% higher in August, underpinned by a visible recovery in the domestic economy, strong earnings reports and growing confidence in structural reforms being sustained.
However, US Federal Reserve chairman Jerome Powell says the board is committed to doing whatever it takes to reining inflation and inflationary expectations, even at the expense of a recession.
