Starting June 28, Indian government bonds (IGBs) become part of global financial services major JPMorgan’s index for emerging market government bonds. The inclusion marks a turning point for the Indian fixed-income market and compulsorily puts it on the radar of global investors. Over the course of the next 10 months, IGBs will eventually gain the maximum allowed weight of 10 percent in the JPMorgan Government Bond Index-Emerging Markets (GBI-EM), following 1 percentage point additions to its weightage each month.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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