Investment managers bullish on India, say fund exodus likely to be temporary
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Mumbai
THE Indian rupee's longest losing streak since May masks growing confidence among global investors in Prime Minister Narendra Modi's management of the world's fastest growing major economy.
A combination of high yields, improving public finances and room for interest rate cuts will lure back overseas investors trimming emerging- market debt in the face of global risks such as a potential US rate increase, according to Franklin Templeton Investment Funds, Mirae Asset Global Investments Co and GAM International Management Ltd.
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