Foreign investors poured $9.4bn into Indian bonds since JPMorgan's announcement, reshaping markets and raising foreign exchange reserves.

Foreign investors have poured $9.4bn into Indian bonds since JPMorgan's landmark announcement in September. The inflow is reshaping markets, with foreign exchange reserves hitting a record high, corporate bonds outperforming peers, and the rupee shrugging off the dollar's strengthening impact. This inclusion in global bond indexes is expected to increase foreign investor participation.