"The US market rates will move higher as the markets price in Fed rate hikes as inflation continues to remain persistently high. That does cause a problem for a lot of emerging markets and for India,especially if oil prices continue to move higher as well. We have already had market expectations move fairly sharply towards hiking close after tapering finishes. But clearly there are going to be obstacles as US market rates move higher as the markets price in Fed rate hikes as inflation continues to remain persistently high. That does cause a problem for a lot of emerging markets and especially for India if oil prices continue to move higher as well.

Source: Economic Times November 11, 2021 19:22 UTC