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Indian markets still better poised across emerging economies: Ghosh

Kolkata, Sep 28 (UNI) The relentless pounding of global financial markets in recent weeks has bought into sharp focus the dilemma that central banks are facing across economies in terms of stabilizing the currency and the bond rates against a rate cycle of Fed that now is likely to go beyond the earlier estimates, according to Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.

The rout in bonds markets globally has been exacerbated by the long road to contain runaway inflation, as Central Banks tighten their seatbelt to continue rate hikes spree, though Indian bond yields have been remarkably contained with even the latest SDL auctions of Rs 27,000 crores going off smoothly, Ghosh stated.
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