Govt bonds' inclusion into JPMorgan index pushed to next year: Report

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.
 

Investors had expected a decision on this could come as early as this month when operators meet to review the composition of the index and after Russia's exit earlier this year. The latter led foreign investors to step up purchases of Indian government bonds with no investment cap.

Local bond settlement rules, tax complexities and the way in which investors will repatriate dollars are among