Don't see any major pressure as a result of the taper: Axis MF's Sivakumar

In a Q&A, R Sivakumar says the key drivers of foreign flows in India would be the inclusion of Indian bonds in global fixed-income benchmarks

The Reserve Bank of India has accumulated significant foreign exchange reserves to limit the volatility that may occur due to the taper tantrum, says R SIVAKUMAR, head, fixed income, Axis Mutual Fund. In an interview with Chirag Madia, he says the key drivers of foreign flows in India would be the inclusion of Indian bonds in global fixed-income benchmarks. Edited transcripts:
 
Do you think interest rate hikes by the RBI are imminent?
 
Since December 2019, average inflation in India has been over 6 per cent. Despite this, the Reserve Bank of India (RBI) has followed an accommodative monetary