Why are the aggressive rate hikes by the US Fed a problem for India? The Nifty, rupee and bonds have all been falling in the wake of the ultrahawkish tone adopted by the US Federal Reserve. However, most believe that this time it could be a developed economy problem, especially since India’s inflation is not as much offtarget as compared to US. So should we really worry about rising interest rates in the US or even a recession in Europe and America? Latha Venkatesh explains!
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