- Published at
- by economictimes.indiatimes.com
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Bond rally cools just as another index inclusion nears
Indias breakthrough into global debt markets needs a second act. Foreign investors have bought a net $20 billion of the nations index-eligible sovereign debt after JPMorgan Chase & Co. announced Indias inclusion to its benchmark emerging market index in 2023. Recent outflows have left total investments on the low end of estimates by analysts.