The present global scenario where interest rates continue to rule at elevated levels is a major cause of concern

 The present global scenario where interest rates continue to rule at elevated levels is a major cause of concern

Inflation which has been dominating discussions in leading economies seems to be tapering off and the reduction in the same would be a big relief going forward.

Markets in India and many parts of the global economy seem to be on a sustained upswing. The US Federal Reserve raised interest rates by 25 basis points earlier this week to a band of 5.25-5.50 per cent which is the highest since 2001.

Yet markets have not reacted very adversely to the same. The GDP on a better growth rate than anticipated has helped as has the fall in inflation compared to previous months.