PIMCO neutral on Indian assets, sees 75 bps rate hikes
Global bond manager PIMCO remains neutral on Indian assets while anticipating 75 basis points in total interest rate hikes from the Reserve Bank of India. The firm notes that domestic growth remains resilient despite inflation risks and currency pressures.
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PIMCO holds a neutral stance on India assets and anticipates the central bank will deliver 75 basis points in total interest rate hikes during the current cycle. The forecast trails market pricing after inflation pressures prompted a policy shift. PIMCO expects tighter policy to influence capital flows and currency valuations.
