JP Morgan says the expansion of the domestic bond market is expected to reduce risk premiums.
New Delhi:
JP Morgan (JP Morgan) has upgraded India’s rating from ‘Neutral’ to ‘Overweight’. The upgrade in rating is due to positive sentiment in an election year and emerging economies with strong strength in emerging markets. JP Morgan has told investors to use any near-term correction as an opportunity to connect and capitalize on a positive historical season in general elections. JP Morgan says the expansion of the domestic bond market is expected to reduce risk premiums.
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