Capital flows could also turn more favourable. Potential inclusion of Indian government bonds in global bond indices, stabilisation in corporate earnings, and the likelihood of renewed FPI equity inflows may ease pressure on the rupee.
Mumbai (Maharashtra) [India], Sep 9 (ANI): Morgan Stanley said on Thursday it expects India to be included in global bond indices in early 2022 and the index inclusion will attract USD170 to 250 billion in bond inflows in the next decade in base/bull scenario.