‘Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.’ Positive macros – lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds – make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
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