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.
There are big-ticket gifting specialists these days who curate the most creative presents—for a big, fat fee. It’s a lucrative side hustle for socialites.
Institute of Chartered Accountants of India president Charanjot Singh Nanda, a stakeholder in govt's plans to promote home-grown consulting firms, speaks on what is holding back domestic firms.
After initially showing interest in supplying the long-range missile to Ukraine, Trump appeared hesitant following his meeting with Zelenskyy, a day after his phone call with Putin.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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