MUMBAI, AUGUST 2022 (GPN): “With the 50bps hike today, the repo rate is now above the pre-covid 5.15% level. The RBI has chosen to front load its rate hike actions, keeping the elevated inflation in mind, even though the CPI projection for this fiscal remains unchanged at 6.7%. We expect the pace and quantum of rate hikes to moderate going forward, led by falling commodity prices, global growth concerns, and easing global supply constraints. In our view, the bond yields, especially in the 3-5 year segment, discount a large part of the expected rate hikes.” Mr. Arun Kumar, Head of Research, FundsIndia