2023-09-25 05:41:53
India’s trillion-dollar sovereign bond market is gearing up for a rush of foreign money following JPMorgan Chase & Co. said it will include the nation’s debt in its emerging market indices.
Editorial | Bond index inclusion is a boost, but can cause volatility
The South Asian nation is allocated a maximum 10 per cent weight in the main emerging market index, which will be started in a phased manner from June 2024, JPMorgan said in a statement last week. The move will draw upwards of $20 billion of inflows as per various estimates and will help ease supply worries in the bond market as well as provide support to the rupee.
More stories like this are available on bloomberg.com
1695628748
#Global #Index #inclusion #draw #billion #flows #India