New Delhi, Oct. 9 -- The rupee is likely to remain under pressure and foreign investor flows may not return to Indian markets in the near term unless global interest rates ease and geopolitical tensions subside, Akhil Mittal, Senior Fund Manager-Fixed Income at Tata Asset Management, told ANI, attributing the trend to a broader shift in global capital flows towards the US.

Mittal said high interest rates in developed economies were encouraging investors to move money away from riskier markets such as India, making a sustained reversal of foreign outflows difficult without a change in global financial conditions.

"There has to be sanctity to interest rates and yields in the Western world. As long as globally, especially the developed wor...