Reserve Bank of India Will Hike Investment Limits After Fed Hike: BofAML

The Reserve Bank of India will hike foreign portfolio investors’ G-sec investment limits only towards end-2015 after the markets have priced in the anticipated September Fed rate hike, notes BofAML. Indranil Sen Gupta and Abhishek Gupta of Bank of America Merrill Lynch in their June 10, 2015 research report titled: “Investorspeak: Waiting for Godot (aka….)” anticipate another 50bp cut in early 2016 by RBI. Fixed income investors bullish on G-sec During BofAMAL analysts’ meeting last week with fixed income investors in Boston and New York, they said everyone wanted to know when the Reserve Bank of India will hike FPI…