LIVE: Govt bonds inclusion in JP Morgan index will widen investor base: CEA

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Anantha Nageswaran

Chief Economic Advisor V Anantha Nageswaran

The ICC on Friday said seven venues in the Caribbean and three cities of USA will co-host the next year's men's T20 World Cup from June 4-30. The seven Caribbean venues shortlisted by the ICC are Antigua & Barbuda, Barbados, Dominica, Guyana, Saint Lucia, St Vincent and the Grenadines, and Trinidad & Tobago. Besides three places in the USA -- Dallas, Florida and New York will co-host the event.

Chief Economic Advisor V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JP Morgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index. Global financial firm JP Morgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024, a move that will bring down borrowing cost for the government.

A court here on Friday extended the judicial remand of TDP chief N Chandrababu Naidu in the case pertaining to AP Skill Development Corporation scam till September 24. Additional Advocate General Ponnavolu Sudhakar Reddy told PTI that the special court for Anti-Corruption Bureau here extended the former Chief Minister's remand by two days.

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First Published: Sep 22 2023 | 09:22 AM IST

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