人気化するインド国債市場とインドルピーの行方！

In September last year, JPMorgan Chase announced that Indian government bonds would be included in the emerging market bond index “GBI-EM.” Since then, foreign investors have been increasing their holdings, investing about93billion dollars(approximately1trillion4,200billion yen), and the Indian government bond market’s growing popularity is starting to influence the rupee exchange rate. This article examines the impact on the rupee from the popularity of Indian government bonds.