Bloomberg EM index to add Indian G-secs
Financial Express Mumbai|March 06, 2024
BLOOMBERG INDEX SERVICES on Tuesday announced a plan to include Indian government securities (G-secs) in its emerging market (EM) local currency index in a phased manner starting January 31 next year, a move that raises the prospect of additional forex inflows to the tune of $5-7 billion.
PRASANTA SAHU SACHIN KUMAR

This is the second prospective instance of international listing of India's sovereign bonds, which are to be part of the JP Morgan EM Index from June this year.

Bloomberg Index Services said in a statement: "The inclusion of these bonds will be phased in over a 10-month period starting on the rebalance date of January 31, 2025... The weight of India FAR (fully accessible route) bonds will be increased in increments of 10% of their full market value every month over the 10-month period ending in October 2025" India FAR bonds will be fully capped at 10% weight within the index.

هذه القصة مأخوذة من طبعة March 06, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 06, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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