The IL&FS crisis has sparked fears in the debt-focused mutual funds that are liquidating holdings. There’s more pain to come as global interest rates rise and the RBI proceeds with its own tightening. The swap market is pricing in at least 100 basis points of rate hikes in the coming 12 months.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O572FI
