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Pimco overweight on Indian bonds

Plunging oil prices, stable rupee and India's limited exposure to China keep investors bullish

Investing in rupees earned 3.1 per cent, including interest, in the past 12 months, the most in Asia, data compiled by Bloomberg show.


RUPEE sovereign bonds, Asia's best performers for two years in a row, are still the top pick for some global funds.

Plunging oil prices, a stable currency and limited exposure to China are keeping investors bullish, with Pacific Investment Management Co (Pimco) calling