Non-deliverable forwards indicate the rupee will open at around 82.80-82.82 to the U.S. dollar, compared with 83.09 in the previous session.
Indian government bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, JPMorgan said on Friday.
Inclusion will start on June 28, 2024, and extend over 10 months with 1% increments on its index weighting.
India's inclusion in the JPMorgan index increases the probability of inclusion into the Bloomberg Global Aggregate Bonds Index, which, IDFC First Bank estimates, could lead to additional inflows of $15 billion to $20 billion.
The dollar index reached 105.74 on Thursday, the highest in over six months.
Persons:
Francis Mascarenhas, Nimesh Vora, Savio D'Souza
Organizations:
REUTERS, Rights, U.S ., Government Bond, JPMorgan, IDFC, Bank, Bloomberg, Treasury, U.S . Federal, ING Bank, Brent, Thomson
Locations:
Mumbai, India, Rights MUMBAI