Indian rupee sees mild gains, bonds muted as JPM index flows undershoot estimates

MUMBAI, June 28 (Reuters) – India’s rupee rose slightly, while government bonds were unable to gain meaningfully on the day of the much-awaited inclusion of the country’s sovereign debt into a widely-tracked JPMorgan debt index as inflows underwhelmed investors.

Early on Friday, the rupee touched a peak of 83.3675 against the U.S. dollar and ended 0.1% higher at 83.3825. The benchmark bond yield was marginally higher at 7.01%.

Source: REUTER