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Wednesday, May 22, 2024

Indian bonds will be included to the Bloomberg index as of 25

<p>In a step that would lower the cost of borrowing for the government, Bloomberg on Tuesday announced the inclusion of Indian G-Securities in its Emerging Market (EM) Local Currency Government Index and associated indexes as of January 31 of next year.</p>
<p><img decoding=”async” class=”alignnone wp-image-476825″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-indian-bonds-will-be-included-to-the-bloomberg-index-as-of-25-2024-3largeimg-20201.jpg” alt=”theindiaprint.com indian bonds will be included to the bloomberg index as of 25 2024 3largeimg 20201″ width=”1075″ height=”731″ title=”Indian bonds will be included to the Bloomberg index as of 25 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-indian-bonds-will-be-included-to-the-bloomberg-index-as-of-25-2024-3largeimg-20201.jpg 272w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-indian-bonds-will-be-included-to-the-bloomberg-index-as-of-25-2024-3largeimg-20201-220×150.jpg 220w” sizes=”(max-width: 1075px) 100vw, 1075px” /></p>
<p>According to a statement from Bloomberg, on January 31, 2025, Indian Fully Accessible Route (FAR) bonds will be included with an initial weight of 10% of their entire market value in the Bloomberg EM Local Currency Government indexes.</p>
<p>It also said that throughout the ten months ending in October 2025, the weight of FAR bonds would be raised by 10% of their entire market value each month, until they reach their full market value and are weighted at that level in the indexes.</p>
<p>34 Indian stocks will be included in the index, which will be market value-weighted and comprise 7.26% of a $6.18 trillion index.</p>
<p>Over the following two years, the inclusion is expected to draw around $40 billion in international capital into the G-Secs market.</p>

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