Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: CEA

Updated: Sep 22 2023 7:41PM

Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: CEA

New Delhi, Sep 22 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JP Morgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee.

He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index.

Global financial firm JP Morgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024, a move that will bring down borrowing cost for the government.

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