A man holding an umbrella shelters a worker from the rain as he welds repairs to a truck at a freight depot near Nhava Sheva Port in Navi Mumbai, India. (Photographer: Adeel Halim/Bloomberg)
The U.S. Federal Reserve Chair Jerome Powell's signal that a tapering of asset purchases could begin this year left global markets undisturbed. Adequate telegraphing of the reversal in emergency policies and a clear distinction between slowing asset purchases and a lift-off in interest rates helped keep market sentiment undisturbed, according to Suyash Choudhary, head of fixed income at IDFC Asset Management.The focus in the coming m...