ETMarkets Smart Talk: US Fed is likely to hike by 75-100 bps: Vinay Jaising

“With US inflation running at 9.1%, ~4.5x the target of 2%, Fed is likely to run a restrictive monetary policy even if Inflation peaks by August. USD is likely to remain well bid in such an environment, which is a negative for non-dollar assets in the near term. Also, India has outperformed China by almost 30% over the last 12 months. Thus, redemption pressures in the EM funds can lead to continued FII selling, especially from passive funds linked to indices.”