Indian bonds rise on inclusion in global index

Aihucha News, September 14: Indian bonds rose today on market speculation that Indian bonds may be included in the JPMorgan Emerging Markets Index in a review this month. India's 10-year government bond yield fell as much as 5 basis points to 7.15%, heading for a third consecutive day of declines. The Economic Times reported on Thursday that ahead of JPMorgan's review of the bond index, India's central bank has asked some foreign banks about operational issues on how to handle the increase in custody funds flowing into India. Any inclusion could bring a flood of funds to the Indian government bond market. inflow. "Speculations that Indian bonds may be included in global indexes after the Reserve Bank of India's recent change in investment guidelines are positive for the bond market," said Debendra Dash, head of fixed income at African Union Small Finance Bank.