September 22, 2023 1:45 PM

JP Morgan Chase and Company to add Indian government bonds to market bond index

JP Morgan Chase and Company (JPM) has confirmed that it will add Indian government bonds to its benchmark emerging markets bond index starting from 28th June 2024. It is a significant move that will encourage more foreign investment in the domestic debt market. JPM said that 23 Indian Government Bonds (IGBs) with a combined notional value of 330 billion dollars are eligible for it. All fall under the category of 'fully accessible' for non-residents. India will have a maximum weight of ...