Mumbai, Aug. 1 -- India's interest rates are unlikely to experience a sharp decline in the near term despite surging foreign inflows into government bonds following the nation's inclusion in global bond indices, according to Ashish Shanker, Managing Director and CEO of Motilal Oswal Private Wealth.

Speaking exclusively to ANI on the sidelines of the ninth edition of the Motilal Oswal Business Impact Conference (MOBIC) 2026 in Mumbai, Ashish Shanker stated, "In India, over time rates should definitely go down as we become bigger and bigger in terms of size and scale. However, I don't see it happening in the near term because there are inflationary pressures globally and domestically."

Persistent global and domestic inflationary pressures...