Due to low yields, long-duration funds, including government securities’ funds and long duration funds lost 3.5 percent and 10 percent, respectively, over the last six months
In a rising interest rate scenario, times can be tough for an existing borrower who is a couple of years into his tenure. Ofcourse his monthly budget may not be affected in the short term, as often banks increase the loan tenure in most instances.
Adesh Gupta, CEO, Liberty Shoes, spoke to CNBC-TV18 about what ailed the earnings of the company and says that going forward, he expects shoes to cost more for the customers.