look news india
Mumbai: On June 28, when Indian bonds are included in the JP Morgan index, it is possible to see an inflow of two billion dollars in Indian bonds in a single day. This inflow will be the highest in a decade.
Earlier on August 20, 2014 Indian bonds saw inflows of bonds worth $2.70 billion on hopes of improved credit rating.
India's weightage in JPMorgan's emerging market index is expected to reach 10 per cent by March 2025, indicating long-term inflows of at least $20 billion over a ten-month period.
The Reserve Bank of India, which is keeping a close watch on the rupee to prevent it from falling, will also take into account these flows. These flows are expected to be favourable for the country's rupee and foreign exchange reserves, an analyst said.