The 10-year benchmark yield touched 8 per cent recently. The Indian rupee has depreciated around 13 per cent against the US dollar. Money market participants are expecting another rate hike in the next MPC meet. ET.com Mutual Funds spoke to Lakshmi Iyer, CIO -Debt & Head-Product, Kotak AMC, to find out how these factors are going to impact the debt mutual fund investors.
Edited Interview.