PIMCO Expects 75 Basis Points of RBI Rate Hikes in Current Cycle
A PIMCO executive said the firm is neutral on Indian assets and expects the Reserve Bank of India to raise rates by a total of 75 basis points in the current tightening cycle. India's growth remains strong, while food and energy inflation pose risks.
PIMCO, a global bond manager, is neutral on Indian assets and expects the Reserve Bank of India to increase interest rates by 75 basis points over the current tightening cycle, an executive said on Tuesday. India's growth remains strong, while food and energy pose inflation risks…