Faith of Indian mutual funds still intact in debt and gold

.......Bonds have been under pressure as the weak rupee, the narrowing differential with U.S. Treasuries and a high current account deficit are seen preventing the RBI from easing further after cutting rates by 75 basis points this year. However, fund managers say equities in the second half will remain too volatile to perform better than debt, given expectations for weak corporate earnings in an economy that grew at 5 percent in the year ended in March, the lowest in a decade............

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