Global rates could be ‘high for long’: RBI governor Shaktikanta Das

Slowing inflation has prompted several economists to forecast an imminent end to the US Federal Reserve’s rate-tightening cycle, hauling Wall Street indices from 52-week lows. Lately, the technology-heavy Nasdaq, the stock gauge most battered by Fed’s liquidity drainage, has climbed about 8% from lows on expectations of a pause in the rate cycle by the summer.