RBI sells $406 million in Indian Bonds as Index Inclusion boosts inflows: Report

RBI sells $406 million in Indian Bonds as Index Inclusion boosts inflows: Report

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 four days, according to the … Read more

Indian bonds back in action with inclusion in JP Morgan’s emerging markets bond index

Indian bonds back in action with inclusion in JP Morgan's emerging markets bond index

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 September that it would include … Read more