Indian government bonds included in JPMorgan emerging market index: What happens next?
5 months, 3 weeks ago

Indian government bonds included in JPMorgan emerging market index: What happens next?

Hindustan Times  

India is projected to receive billions of dollars in inflows after its inclusion in the JPMorgan Chase & Co emerging markets index on Friday, which will open up the country’s $1.3 trillion bond market to a broad range of foreign investors. While investors worldwide have already invested close to $11 billion in Indian bonds that are eligible to be included in the index, JPMorgan expects $20 billion to $25 billion to come in over the next 10 months, Bloomberg wrote, adding that this will increase foreign ownership of Indian sovereign bonds from 2.5% currently to 4.4%. Only Indian Government Bonds issued under the Reserve Bank of India's 'Fully Accessible Route ' are eligible to be included in the index. The JPMorgan Emerging Market Bond Index, which was created in the early 1990s, is the world’s most widely used index for emerging market bonds, constituting $213 billion of assets globally, according to the article.

Market Indian Foreign Investors Index Bond Investors Billion Foreign Jpmorgan Bonds Jpm Indian Government Bonds  happens  index  foreign  billion  eligible  market  jpmorgan  bonds  bond  investors  included  indian  emerging

History of this topic

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data
2 weeks, 4 days ago

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data

Live Mint  

Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. Foreign investors heavily sold bonds for most of November, as U.S. yields remained elevated after Donald Trump's victory in the presidential election raised doubts about the Federal Reserve's …

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
1 month, 1 week ago

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov

Live Mint  

By Dharamraj Dhutia MUMBAI - Foreigners have sold 82.1 billion rupees of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. "Foreign inflows will likely wait for U.S. yields and dollar index to stabilise before reverting to its pre-October pace," said Nitin Agarwal, head of trading at ANZ …

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty
1 month, 3 weeks ago

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty

Live Mint  

Global funds are turning to India as a haven amid financial market uncertainties caused by the US election. The country's bonds have been performing well, with its sovereign bonds remaining relatively stable despite a global selloff of US Treasuries. India's currency, the rupee, offers minimal volatility compared to other emerging market currencies, making it a popular destination for investors seeking …

India’s ‘sweet spot’ lures bond funds amid global market turmoil
4 months ago

India’s ‘sweet spot’ lures bond funds amid global market turmoil

Hindustan Times  

Global funds have poured money into India’s debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets. “India is in a sweet spot from a macro perspective and also from a monetary policy perspective,” said Jenny Zeng, chief investment officer for Asia Pacific fixed income …

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index
5 months, 3 weeks ago

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index

Live Mint  

India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors' challenges due to the extensive paperwork involved. This initiative coincides with India’s inclusion in JPMorgan’s emerging market bond index on Friday. Simplification process explained The …

Bonds, Indian bonds: Are they outshining those in other emerging markets?
5 months, 3 weeks ago

Bonds, Indian bonds: Are they outshining those in other emerging markets?

Firstpost  

Compared to most of these countries, India’s bond market is an outperformer, whether it be in terms of size, stability, potential for investment, or yields. File image India’s inclusion in the JP Morgan Government Bond Index-Emerging Markets, effective Friday is being hailed as a major milestone. Bond market size With indexed bonds amounting to over $400 billion in outstanding value, …

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors
5 months, 3 weeks ago

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors

Firstpost  

India’s inclusion in the JP Morgan emerging markets bond index is likely to strengthen the rupee by attracting significant foreign inflows. The inclusion in JP Morgan’s index creates a pathway for foreign investors to participate more actively in the Indian bond market. Impact on the rupee When foreign investors buy Indian bonds, they must convert their currency, such as US …

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report
5 months, 3 weeks ago

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report

Hindustan Times  

Despite India’s $1.3 trillion sovereign bond market becoming very attractive for foreign investors, they face a lot of challenges ranging from lengthy documentation to the intricacies of settling a trade and the complexities of paying taxes on any profits, Bloomberg reported. This became obvious as foreign investors are eagerly buying bonds before they’re added to JPMorgan Chase & Co.’s main …

Why world's biggest bond investors are set to bet big on India
6 months ago

Why world's biggest bond investors are set to bet big on India

Firstpost  

JPMorgan is set to include India in its largest emerging-market bond index on 28 June. From higher return on investment to strength of the Indian economy, we explain the factors reeling in investment in the Indian government’s debt The Indian bond market is expected to see an additional inflow of $40 billion from foreign investors. Source: Moneycontrol Factors driving investors …

Foreign investors buy $10 billion of Indian govt bonds since JPM inclusion announcement
6 months ago

Foreign investors buy $10 billion of Indian govt bonds since JPM inclusion announcement

Hindustan Times  

Foreign investors have bought more than $10 billion of Indian government bonds that will be included in J.P. Morgan's debt index on June 28, taking international ownership of India's bonds to a record high, Reuters reported. Representational Overseas buyers now own 1.79 lakh crore rupees of Indian bonds included in the so-called fully accessible route which allows unrestricted foreign purchases, …

JPMorgan Ignites $40 Billion Rush Into Indian Bonds
6 months ago

JPMorgan Ignites $40 Billion Rush Into Indian Bonds

Bloomberg  

For decades, the titans of global finance viewed India as just another emerging market—a place with the potential for substantial gains, but risky enough to be kept at the periphery of a portfolio. “There is a very strong case for India over the medium to longer term to have more of a place in people’s portfolios,” says Jae Lee, a …

JPMorgan inclusion of Indian bonds to aid private credit
7 months, 2 weeks ago

JPMorgan inclusion of Indian bonds to aid private credit

Hindustan Times  

India’s inclusion into JPMorgan Chase & Co.’s bond index will give a boost to its private credit markets by providing a benchmark for investments and attracting more inflows, according BPEA Credit. The inclusion constitutes a watershed moment for the country’s $1.2 trillion government debt market, with spillovers to other asset classes. “It gives a reference point” for offshore investors who …

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital
9 months ago

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital

Deccan Chronicle  

HYDERABAD: India’s inclusion in the JP Morgan Global EM Bond Index and Bloomberg EM Local Currency Government indices will see annual foreign investment of $30-$40 billion over the next five years and free up equivalent amount of domestic capital investment by the private sector, finds the World Bank. By 2023-end JP Morgan announced India’s inclusion in its Global EM Bond …

India’s Markets Are Turning Into an Inexorable Force
11 months, 1 week ago

India’s Markets Are Turning Into an Inexorable Force

Bloomberg  

Anyone wondering whether the India juggernaut is sustainable will find the answer in bonds, which have a penchant for discerning the way of the world and telling every other market what to do. At least $1 trillion of government securities traded multiple times annually in the most populous nation and biggest democracy are poised to become the darling of international …

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18
1 year, 2 months ago

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18

News 18  

A quiet transformation that has gone less noticed in India is that of its debt market which is in for a big overhaul. Getting benchmarked on these two indices would lead to about $30 billion in inflows into Indian debt paper that’s largely confined to government banks and financial institutions. As per reports, large investors in government debt internationally expected …

JPMorgan global bond index: What does it mean for India?
1 year, 2 months ago

JPMorgan global bond index: What does it mean for India?

Live Mint  

In September 2023, JP Morgan made the much-awaited announcement of India's inclusion in the Government Bond Index. India’s inclusion in the bond index Indian sovereign bonds will be included in the Government Bond – Emerging Market Index. Benefits of inclusion in the JP Morgan global bond index As per experts, India's inclusion in the GBI-EM index is expected to attract …

JPMorgan to include India in its emerging market debt index
1 year, 3 months ago

JPMorgan to include India in its emerging market debt index

Live Mint  

JPMorgan said it will include Indian government bonds in its widely tracked emerging market debt index. India's local bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. “India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global …

The test for India’s sovereign green bonds
2 years, 1 month ago

The test for India’s sovereign green bonds

Live Mint  

The Indian government is all set to debut in the green bonds market soon, as laid out in the Union Budget earlier this year. Corporates have been issuing green bonds in India for a few years in a growing market, but the country’s global share stood at just 1% in the first half of 2022. Big corporations such as Adani …

Foreign investors sell $500 million of India govt bonds in two days
2 years, 1 month ago

Foreign investors sell $500 million of India govt bonds in two days

Live Mint  

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a selloff that traders note is ahead of the Federal Reserve's policy decision and crucial U.S. data. These investors have net sold bonds worth ₹4,110 crore over Friday and Monday, CCIL data showed, with more …

JPMorgan refrains from adding India to bond index, keeps on watch
2 years, 2 months ago

JPMorgan refrains from adding India to bond index, keeps on watch

Live Mint  

JPMorgan Chase & Co. is keeping Indian government bonds off its emerging-market sovereign bond index for now, citing investment hurdles that must be resolved for the inclusion to take place. The decision to refrain from adding the bonds to the JPMorgan Government Bond Index-Emerging Markets -- while keeping them under review for inclusion -- was based on investor feedback, the …

India's Govt Bonds May Be Added To Global Index: Report; Check Details
2 years, 4 months ago

India's Govt Bonds May Be Added To Global Index: Report; Check Details

News 18  

India’s government bonds may be added to JPMorgan’s GBI-EM Global Diversified Bond Index next year, according to a Bloomberg report. The report, quoting Goldman Sachs Group, said India, which is a large, deep and high-yielding market, would help to diversify as well as boost the average yield of the overall index. The country’s sovereign bonds could be added to the …

India Inc is losing appetite for offshore debt
2 years, 5 months ago

India Inc is losing appetite for offshore debt

Live Mint  

The pandemic-era overseas borrowing boom by Indian companies has started to slow as interest rates rise, the currency weakens, and the appetite for emerging market bonds diminishes. Measures announced by the Reserve Bank of India easing overseas borrowings by companies, including doubling the annual limit under the automatic route to $1.5 billion and raising the all-in cost cap for foreign …

JPMorgan to add Ukraine bonds to debt index despite war threat
2 years, 10 months ago

JPMorgan to add Ukraine bonds to debt index despite war threat

Live Mint  

Hundreds of millions of dollars from foreign investors are likely to flow into Ukrainian bonds next month despite the threat of war with Russia. JPMorgan Chase & Co. is planning to add Ukraine’s local-currency debt to a popular emerging-market bond index known as the GBI-EM. All of a sudden you’ll have big index players channeled toward that particular bond market," …

India is likely to be included in global bond index by October: Report
3 years, 9 months ago

India is likely to be included in global bond index by October: Report

Live Mint  

India is confident of getting included in a global bond index by October but it will not be able to raise funds in the coming financial year as the actual listing could take around 12 months after its inclusion, said two senior sources aware of the discussions. Since 2019, India has been working toward getting included in global bond indexes …

Efforts on to Include Indian Govt Bonds in Global Indices from Next Year: DEA Secretary
4 years ago

Efforts on to Include Indian Govt Bonds in Global Indices from Next Year: DEA Secretary

News 18  

The government is working on inclusion of Indian sovereign bonds in global bond indices from next year, Economic Affairs Secretary Tarun Bajaj said on Friday. "We are also now working on the inclusion of Indian government sovereign bonds into the global bond indices, and we hope that this should happen in the next year, and this will definitely help," Bajaj …

India among top three emerging markets globally
4 years, 4 months ago

India among top three emerging markets globally

Live Mint  

For the first time since covid-19 was declared a global pandemic in March, India found itself among the top three emerging markets in July, the latest update to Mint’s emerging markets tracker shows. Graphic: Mint Mint’s Emerging Markets Tracker, launched in September last year, takes into account seven high-frequency indicators across ten large emerging markets to help us make sense …

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