A short quote in the Economic Times, Mumbai p11:
“Weakness in the rupee increases the cost of imported commodities and could have an adverse impact on inflation in the coming months,” says R Sivakumar, head – Fixed Income Group, Axis Mutual Fund.
Sadly the quote now seems less meaningful now that the RBI has actually stood on rates. Wish they had carried it yesterday morning when it would have looked like a prediction for RBI leaving rates unchanged.
Also what’s with the logic behind picking a set of funds to showcase?