FTSE Russell on Wednesday said it will add India to its emerging markets government bond index from September 2025.
FTSE Russell is the third index provider to include Indian bonds in its emerging market bond index after JPMorgan and Bloomberg Index Services.
According to FTSE, India's bonds will constitute 9.35 per cent of the index on a market-value weight basis, making it the second-largest component after China. Bond market participants said the inclusion will not have an immediate effect on the market given that the date of official inclusion is still some time away.
"It will not have any impact because it is too little and too far away," said Vikas Goel, managing director and chief executive officer, PNB Gilts.
Esta historia es de la edición October 10, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 10, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Airbus says deliveries fell 9% in September
Airbus deliveries fell 9 per cent in September to 50 aircraft, compared with the same month last year, the European planemaker said on Wednesday.
Amazon targets faster deliveries with new tech
Amazon, in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery and to help customers make faster buying choices, even for new product types that they may know little about.
Boeing revokes pay offer as strike drags on
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
Netanyahu speaks to Biden as Israel's Iran retaliation looms
Israeli Prime Minister Benjamin Netanyahu's office said he spoke with US President Joe Biden for the first time in more than a month as Washington looks to temper Israel's retaliation for last week's missile attack from Iran.
Google faces breakup in historic antitrust case
Firm says it would have significant consequences for consumers, businesses
Soon, pay up to ₹1K without entering PIN on UPI Lite
The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products.
BUYERS' BET Consumer confidence improves in RBI's September survey
Consumer confidence improved in the September 2024 Survey round compared to the previous round in July due to better perceptions about the general economic, employment, and income conditions, according to the Reserve Bank of India's (RBI) forward looking survey.
Hopes dashed but prudent approach, say realtors
Even as the realtors' hopes for a repo rate cut ahead of the festive season were dashed after the Reserve Bank of India (RBI) kept it unchanged at 6.5 per cent for the 10th consecutive time on Wednesday, real estate industry experts say that the decision represents a \"prudent approach\" expected to boost stability in the sector.
RBI opens door for rate cut, finally
If we see higher inflation in Sep-Oct and 7% GDP growth in Sep qtr, will the RBI go for a rate cut in Dec? Or, will that be pushed to Feb?
Micro, small enterprises not to face pre-pay fines
The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs).
