Foreigners flocking to India bonds make splash across market

Foreigners flocking to India bonds make splash across market

Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more

Russia’s exclusion may pave way for India into global bond index

Russia’s exclusion may pave way for India into global bond index

India has the biggest bond market among emerging economies that’s not covered by global indexes, but bankers say that may change soon, potentially drawing in billions of dollars in inflows. Russia’s recent exclusion is one reason why. Morgan Stanley expects an announcement that India will be included in JPMorgan & Chase Co.’s emerging markets bond … Read more