Mumbai, Sept. 17 -- India's infrastructure sector is adjusting to the global rise in interest rates, with the higher cost of funds largely factored into markets, said Rajkiran Rai G, Managing Director of the National Bank for Financing Infrastructure and Development (NaBFID).

Speaking to ANI on the sidelines of NaBFID's Infrastructure Conclave 2026 in Mumbai on Thursday, Rai said interest rates are moving upwards, which will increase the cost of funds, but the impact of global policy changes has already been reflected in bond markets.

"Where the Fed rate hike actually is, it is mostly factored in if you see the bond behaviour. We are on an upward interest rate cycle... but it is clearly visible that the cost of funds is going to go up,"...