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 Reserve Bank of India, which has been keeping a hawk eye on the rupee to prevent it from plumbing lifetime lows, will be vigilant of the inflows and speculative positioning on the currency.
JP Morgan included Indian bonds in its widely-tracked emerging markets bond index, exposing them to foreign investors. Finance Ministry officials and market analysts both lauded move.
The bonds will likely be included in the JP Morgan emerging market global index early next year as the centre needs to address various operational issues, sources said.
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.
India is battling one of the world’s fastest growth of Covid-19, and the devastation due to the pandemic is fostering conditions in which populist rhetoric thrives, say the analysts.
Had it been a poor woman shouting at Maharashtra minister Girish Mahajan over the roadblock, the police would likely have arrested her, raided her home, and terrorised her family members.
The fire at the Rs 80,000 crore HRRL project broke out a day before the PM was due to inaugurate it. The refinery was not scheduled to contribute to the product pool before late 2026.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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