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How bond index entry brings in billions
Credit: IndiaTimes- Published on March 9, 2024
Bloomberg and JPMorgan Chase's inclusion of Indian govt securities in emerging market bond index boosts dollar inflows, lowers interest rates. Indian govt bonds will be included in Bloomberg's EM Local Currency Govt index, tracking the prices of 34 Indian govt bonds. $5 billion of foreign funds could come into India by Oct 2025.
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