India’s central bank sold ₹34 billion ($406 million) of bonds in the secondary market, likely to absorb excess cash in the banking system resulting from inflows into the nation’s debt after being included in a global index, according to Bloomberg report. The Reserve Bank of India‘s bond sales occurred over […]
Indian bonds
(Bloomberg) — Fund raising by Indian companies will become cheaper after inclusion of country’s sovereign bonds in JPMorgan emerging markets index, according to a Bloomberg report. “With the foreign investor share in India government bonds getting larger, the domestic investors will be able to focus on the broader debt issuances […]
Indian government bonds with a combined nominal value of $330 billion will be included in JPMorgan Chase & Co.’s emerging markets bond index effective 28 June. This will make India’s bond market the 25th to join the widely tracked index since it was launched nine years ago. JPMorgan announced in […]