The announcement this week that JP Morgan will not be including Indian local-currency bonds in its benchmark bond indices for the time being will hurt egos in the government, but it is unlikely to have a major macro or market impact. The key driver of bond yields will remain domestic and global monetary policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services