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India's inclusion in JPMorgan's emerging market government bond index is a first for the country. The index could bring billions of dollars of inflows into local currency government debt, lower bond yields and give some support to the rupee.
Expected foreign inflows would strengthen the rupee and lower the local-currency cost of dollar-priced imports. The impact on agricultural commodity prices is indirect.
reuters.comIra DugalSep 22, 2023Not 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.
