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Three foreign exchange indicators suggested that foreign passive funds were buying Indian sovereign debt ahead of India's inclusion in the JPMorgan emerging market bond index on June 28. The rupee rose 0.14% to 83.4525 per dollar that day despite higher US Treasury yields.
Large passive bond inflows support the rupee and reduce pressure on Indian importers' dollar costs, which keeps import buying stable.
business-standard.comReutersJun 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
