MUMBAI: Even as the Reserve Bank of India (RBI) takes a page out of the Federal Reserve’s (Fed) playbook to push down borrowing costs, yields are headed higher as inflation is unlikely to abate soon, according to Aditya Birla Sun Life AMC Ltd.
Inflation will probably remain elevated over the next six to 12 months, according to Maneesh Dangi, who oversees US$23bil of debt assets. His view is at odds with most economists, who said that last month’s spike in consumer prices would start to cool once new harvests come in.
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