JPMorgan will include India in its widely tracked emerging market debt index

<p>Reuters carry the news on JPMorgan announcing on Friday that it will include India in its widely tracked emerging market debt index.</p><ul><li>India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan.
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JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. </li><li>"India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global Diversified (.JPMGBIEMGD), and approximately 8.7% in the GBI-EM Global index," said JPMorgan.</li></ul><p>More detail at the<a href="https://www.reuters.com/markets/rates-bonds/india-local-government-bonds-added-key-jpmorgan-index-trigger-billions-inflows-2023-09-22/" target="_blank" rel="nofollow"> link to Reuters.</a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.