JP Morgan to add India G-Secs to its emerging market bond index
Saturday, 23 September 2023
JP Morgan will include Indian government securities (G-Secs) in its emerging market bond index, attracting an estimated $40-45 billion in funds between June 2024 and March 2025. This move is expected to reduce yields, lowering government borrowing costs and benefiting corporate bonds. It may also strengthen the rupee and stabilize the foreign exchange market.
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