Interest rates in India will peak by March, three months ahead of earlier estimate, says Macquarie

The US inflation data that came out on Thursday evening shows a better-than-expected cool-off and this has given the markets a belief that there might be some breathing room on offer from the US Federal Reserve and other global central banks like the Reserve Bank of India while deciding their next rate action steps.

Interest rate actions across the globe generally take cues from US Fed's policy and thus according to Sandeep Bhatia, Head of Equity-India at Macquarie Group, interest rates in India are now expected to peak sooner than expected.

“Interest rates are now expected to peak by March; they were expected to peak after June next year, but now the view is it will be March and once we have seen a peak of interest rates, that will be a better time to look at the new age stocks,” he said.