 "Funds, Investment")
The Reserve Bank of India (RBI) hiked the repo rate by 35 basis points (bps) on Wednesday. This rate now stands at 6.25 per cent, up 225 bps since the start of the rate hike cycle in May.
Rate hike cycle hasn’t ended
Some fund managers believe the inflation problem may persist for some time. Sandeep Bagla, chief executive officer (CEO), Trust Mutual Fund, says, “Core inflation remains sticky. Our view has been that inflation may remain stubborn owing to wage inflation and strengthening demand in the Indian economy.”
Fund managers expect at least one more rate hike in the
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