Pimco sees India keeping rates on hold as inflation nears bottom

Indias central bank is unlikely to cut interest rates soon as inflation nears a bottom, says Pimcos Stephen Chang. While consumption remains strong, investment and production are slowing, and growth risks persist due to US tariffs and stalled trade talks. August inflation is expected slightly above 2%, keeping RBI focused on growth, though Goldman Sachs anticipates a possible cut later this year.