Though the Indian markets ended the month of May on a weak note tracking global cues such as volatile commodity prices and concerns over rising interest rates in the US, a latest report by Standard & Poor does not expect further rate hikes in the coming months.
The global equity research firm said in its weekly market analysis newsletter that investors' concern over commodity prices are overblown, while no fresh rate hikes are likely in the coming months.
The expectations for further rate hikes have been a major