Inclusion in JPMorgan bond index to deepen Indian debt market, lower cost of capital: Morgan Stanley
JPMorgan Chase & Co having decision to add Indian government bonds to its benchmark emerging-market index is likely to have favourable implications for India's external balance sheet, deepen debt markets and lower the cost of capital, according to Morgan Stanley.
Morgan Stanley said the opening up of the sovereign bond market and resultant fund inflows are likely to be beneficial for the Indian equity returns due to the positive impact on growth. Pic: Reuters