Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: CEA
The inclusion of Indian government bonds into JP Morgan's benchmark emerging market index next year will widen the investor base and potentially lead to the appreciation of the rupee, according to Chief Economic Advisor V Anantha Nageswaran. JP Morgan's decision to include Indian government bonds in its index from June 2024 will also bring down borrowing costs for the government.
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