How will inclusion of Indian government bonds in the JPMorgan EM debt index impact rupee, bonds? Here's what experts say
Experts believe this move will provide more investment options, lower India's cost of funding, and boost the bond market and the rupee.
JPMorgan will include Indian government bonds in its widely tracked emerging market debt index which may lead to inflows of billions of dollars into India. As per reports, quoting JPMorgan, India's local bonds will be included in the Government Bond Index-emerging markets (GBI-EM) index and the index suite, benchmarked by about $236 billion, in global funds.
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