Bloomberg's decision to include Indian government bonds issued under the fully accessible route (FAR) in its emerging market local currency government bond index and related indices gives a significant boost to the Indian debt market. The inclusion will be done over 10 months starting January 31, 2025. Bloomberg will be the second major global index provider - after JP Morgan - to include Indian government bonds in its emerging market bond index. JP Morgan's index inclusion will start in June 2024. While Bloomberg's index inclusion is expected to result in an inflow of only $2-3 billion, coming soon after the inclusion by JP Morgan, which is more widely tracked, it is a confidence booster for large international investors looking to diversify their debt holdings. This should lead to higher inflows in the debt market over time.
This story is from the March 07, 2024 edition of Business Standard.
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This story is from the March 07, 2024 edition of Business Standard.
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