India may see $460 mn outflows after MSCI rebalancing: JP Morgan

India could see a net passive outflow of $459 million due to reduction in the MSCI India weight in MSCI Emerging Markets Index, after the May semi-annual index review, according to JPMorgan. The weight in MSCI EM would drop 14 basis points (bps) to 8.18 per cent after the MSCI rebalance and China A-shares’ 2.5 per cent inclusion in MSCI EM, the brokerage said in a note.