Franklin Templeton Asset Management (India) Pvt. and Nomura Asset Management Co. predict rupee bonds will extend the longest run of gains in more than a decade as inflation below 5 percent adds room for interest-rate cuts. Templeton raised holdings of local sovereign debt in its Income Builder Fund as the 10-year yield slid 72 basis points since March 31 to 7.24 percent, set for a sixth quarterly drop. Similar rates in China fell 13 basis points. Nomura Asset, which handed yen-based investors a 46 percent gain from its India Bond Fund in the past year, says easing price pressures will allow India to add to the most aggressive monetary easing since 2009.
Posted on: Mon, 10 Jun 2013 17:56:10 +0000
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