"Will Boost Rupee": Chief Economic Adviser On Inclusion of Indian bonds In JPMorgan Index

Global financial firm JPMorgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024.

Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee.

He also said there is potential for currency appreciation following inclusion of Indian bonds in JPMorgan index.

Global financial firm JPMorgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024, a move that will bring down borrowing cost for the government.