Invesco, one of the world's largest asset managers, considers it too early to expect interest rate hikes by the Reserve Bank of India as a response to risks emanating from the war in the Middle East, and favors investing in Indian bonds with medium-term maturities, according to a senior fund manager at the firm. Norbert Ling, head of fixed income portfolio management, Asia Pacific, said in an interview on Friday that there is value in the three- to seven-year segment of India's government bond yield curve. He suggested that inflation pressures are unlikely to persist and markets may be too pessimistic on the scale of rate hikes, offering an opportunity to fade the sell-off.