JPMorgan's inclusion of Indian sovereign bonds in its flagship emerging market debt index will likely increase the volatility in capital flows and in the rupee, bankers said on Friday.
Indian bonds will be included in the JPMorgan's widely tracked emerging market index from June 28, 2024, extended over 10 months with 1% increment on its index weighting, the index provider said on Friday.
The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate.
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