Rupee weakness good for macro, bullish Tata Motors: Pimco

The market will approach the upcoming elections as a binary event, says Masha Gordon, VP & Head of Emerging Market Equities, Pimco. The key thing to watch for will be the government's commitment to fiscal consolidation, she says in an interview to CNBC-TV18.

Gordon says her fund house has been adding to their India position, more from a fundamental perspective than as a bet on the election result. Gordon is encouraged by the recent softening in inflation data and feels the recent rupee depreciation is in fact beneficial for the Indian economy.

Tata Motors is Pimco’s larget bet in its India portfolio at the moment. Also, Gordon says her fund is invested in "consumer franchise" stocks, and is looking to add more of them as long as they are available at reasonable valuations.