Bond indexes: India talking to JP Morgan,others

India is talking with JP Morgan and others to gain entry to benchmark indexes for emerging market debt .

Written by Reuters | New Delhi,hongkong | Published: October 11, 2013 5:14 am

India is talking with JP Morgan and others to gain entry to benchmark indexes for emerging market debt in hopes of attracting billions of dollars in investment and may ease some restrictions on foreign inflows in order to do so,sources said.

Finance minister P Chidambaram and other officials plan to meet next week in the US with big fund managers that track such indexes including Pimco,Capital International and Standard Life,one of the sources with direct knowledge of the matter said.

To qualify for entry into the widely-followed JP Morgan Government Bond Index — Emerging Markets,India needs to ease rules on registration,documentation,due diligence rules for the entry of FIIs in the Indian debt market,two sources said.

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