Inclusion of Indian bonds on J.P. Morgan’s emerging markets index may lead to more foreign investment & lower borrowing cost. Dollar inflows could imply rupee appreciation & higher liquidity.
The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 am IST, after closing at 7.2750% Wednesday. The yield fell to 7.1469% after the decision, against 7.2857% before that.
Govt & RBI have held talks with JPMorgan emerging markets bond index , but index managers need approval from investor committees. Announcement expected to take at least 2 quarters.
Analysts expect the world’s last big emerging market to finally get the nod to join global indexes this year or early 2023 by providers such as JPMorgan Chase and FTSE Russell.
Neither vigilantes dumping bonds nor gamblers raising their bets are being wholly irrational, even though one of them may be laughing all the way to the bank next year.
In a conversation with ThePrint, Tamil Nadu Planning Commission Executive Vice-Chairperson says it's impossible for Apple to shift manufacturing units from Tamil Nadu to US, given the cost.
Speaking at CII event, Defence Secy Rajesh Kumar Singh also said MoD is revising Defence Acquisition Procedure (DAP) 2020 to better align with operational realities and expedite decision-making.
Asim Munir locked up Imran Khan, had his handmaiden parliament give himself an extended tenure. But the additional jingle of that fifth star will not change facts on the ground.
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