Who launched India's first index of municipal bonds?.
National Stock Exchange.
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The India Municipal Bond Index (IBMX), created by the National Stock Exchange (NSE), is the country's first index of municipal bonds. A SEBI workshop on municipal debt securities in Bengaluru saw the introduction of the Nifty India Municipal Bond Index. It monitors the performance of investment-grade municipal bonds issued by Indian municipal corporations across a range of maturities.
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