Indian government bonds enter JP Morgan's GBI-EM Index, expected to attract $30 billion in inflows
Firstly, the rupee rose to 83.4525 per dollar, up 0.14 per cent on the day, despite a jump in US Treasury yields on Wednesday
The announcement of the change was made in September, setting the stage for billions of dollars to flow into the world's fifth-largest economy
It will also pull $2.9 billion and $2.5 billion from the Czech Republic and Chile respectively, it added
The benchmark 10-year yield ended at 6.9858 per cent, following its previous close of 6.9741 per cent
Singh, popularly known as PD, had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India
Foreign banks also stepped up purchases of bonds last week ahead of the inclusion, and is expected to continue this week as well
Most foreign portfolio investors use foreign banks based in India as custodians for their investment operations
The combination of strong growth and above-target inflation does not make a case for a rate cut and even a shift in the policy stance too soon
The New York-based lender already employs about 55,000 people, about a fifth of its global workforce, across five Indian cities
Overseas investors bought about $358 million of bonds on Monday, the most in two months and a seventh successive day of purchases, data compiled by Bloomberg show
The Commodity Futures Trading Commission (CFTC) said Thursday the bank would pay $100 million to settle a multiyear probe into the JPMorgan's trade monitoring
Earlier this year - about halfway through Dimon's five-year retention package - the 68-year-old CEO moved some of his top lieutenants into new senior roles
'If you have higher rates and - God forbid - stagflation, you will see stress in real estate and leveraged companies, and private credit,' Dimon said
China vowed retaliation, with its commerce ministry saying that Beijing was opposed to the tariff hikes and would take steps to defend its interests
A Russian court last month ordered the seizure of funds in JPMorgan accounts after Russian state-owned bank VTB sued to regain its funds blocked abroad
'He has taken 400 million people out of poverty', says American as he berates US liberal press's coverage of Indian leader
The UN SDGs comprise 17 goals that span everything from the eradication of poverty to ensuring access to clean water. More than $4 trillion will be needed each year to meet the targets
The board is 'spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates,' it said in a proxy statement
Foreign investors who didn't increase relative positioning in India over last 2-2.5 years waiting for this clearing event, will start focusing back on growth-driven policies or reforms