Indian debt attractive, but not enough to lure foreign flows just yet – fund managers
The yield is attractive, but we don’t have high conviction in the currency levels,” said Jim Veneau, head of fixed income, Asia at AXA Investment Managers.If we feel that the rupee is stable, or would be volatile within a band, then we could say it’s worth it for us to buy Indian bonds and leave them unhedged. But right now, it’s not.
