India's bonds will be added to the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) in June, a move that Goldman Sachs expects to bring inflows "upwards of $40 billion" from the announcement time to the end of the scale-in period. However, the Indian rupee's decline to a "record low" has led to the "biggest selloff in Indian bonds in a year", as foreign investors reassess their positions. In response to this and ahead of elections, India plans to sell fewer bonds than previously estimated. Meanwhile, FTSE Russell has deferred India's inclusion in its government bond index but mentioned that India will continue to be on the watch list for inclusion in the emerging-market equivalent. Standard Chartered predicts that India's bond market will see an additional inflow of up to $30 billion following its inclusion in a major global index starting in June.
India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered https://t.co/XOIcyG8zHS
India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered https://t.co/965uhBea6J
FTSE Russell defers India's inclusion in government bond index https://t.co/w9MnB6j5Nd https://t.co/Tk88RcdLQ8
FTSE Russell said South Korea will continue to stay on the watch list for inclusion to its global bond index — and India for the emerging-market equivalent https://t.co/G9zgjSTQbW
India will sell fewer bonds than estimated as policymakers rein in spending ahead of elections and inclusion of the nation’s debt in global indexes https://t.co/IGU1apyhab
The Indian rupee’s decline to a record low pushed foreign investors to reassess their frenzied buying of the country’s assets, triggering the biggest selloff in Indian bonds in a year https://t.co/hOhZwIb5fM
$JPM $GS add Indian bonds India's bonds will be added to the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) in June Goldman Sachs said it expects India's bond markets to see inflows "upwards of $40 billion from the time of announcement to the end of the scale-in…