India's retail inflation breached the RBI's 6% upside limit, while US 10-year bond yields jumped above 5%. These shifts spooked investors, as many analysts now expect a rate hike during the December policy meet. Markets remain cautious as rising costs and global bond trends create fresh pressure on the local economy.
India's retail inflation breached the RBI's 6% upside limit, and the US 10-year bond yield jumped back above 5%, raising fears of rate hikes in the December policy meet.
Analysts raise bets of December rate hike amid the spike in retail inflation, and US bond yields.