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India gets green light to join JPMorgan bond index; rupee, bonds gainIndia gets green light to join JPMorgan bond index; rupee, bonds gain

JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world’s fifth-largest economy and helping it finance its current account and fiscal deficits. India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked […]