BLOOMBERG EM LOCAL CURRENCY INDICES

Since October 2023, non-residents have invested nearly $15 billion in Indian government bonds, including $5 billion through USD-settled, INR-denominated supranational bonds. Starting from Friday, passive fund inclusion will begin at a rate of 1% per...

India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.

The balmy days of dovish monetary policy that fuelled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.

From May 8 to 22, foreign portfolio investors' holdings of fully accessible route (FAR) Indian government bonds increased ₹3,304.8 crore to ₹1.6 lakh crore, showed latest data on the Clearing Corporation.

India's economic trajectory for global investments is driven by stable macroeconomic environment, robust earnings growth, and significant contributions from software services and remittances. Inclusion in MSCI EM index and prominent Emerging Market ...

Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting chan...

India's upcoming inclusion in JP Morgan's GBI-EM Global Index Suite involves positive market feedback and enhanced accessibility for FPIs through Fully Accessible Route bonds, leading to increased interest from investors globally.

The inclusion of Indian local currency sovereign bonds into its Government Bond Index-Emerging Markets (GBI-EM) along with UOB Asset Management's launch of an India-focused bond fund is a strong indication of the changing trends that are now favouri...

Currently, India is the fastest growing major developing economy in the world. Very soon it is expected to be the third largest economy. Global sentiments are bullish on the Indian economy.

Foreign portfolio investors, having splurged on government bonds ahead of India's inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successi...

Speaking to ET a day after Bloomberg announced India's inclusion in the EM index, Gendron said operational factors being watched closely included repatriation of funds, the time taken to open accounts and the current system of trading hours. Edited ...

Jayesh Mehta, a market veteran, discusses the positive impact of Indian FAR (fully accessible route) bonds being included in the Bloomberg EM Local Currency Government indices and the increase in FII flows into the Indian debt market. He predicts fl...

On Tuesday, Bloomberg said that Indian FAR (Fully Accessible Route) bonds would be included in the Bloomberg EM Local Currency Government indices with an initial weight of 10% of their full market value on January 31, 2025.

The inclusion of Indian bonds in the Bloomberg EM index may bring inflows of $5 billion from passive investors and more likely from active investors as well. In 2023, JPMorgan announced the inclusion of Indian sovereign bonds in its emerging markets...

"Following the advisory committee's favourable recommendation, the process now goes to the relevant global index body," one of the people said. "Their product teams are working out modalities of facilitating inclusion by September or October."

"Following client feedback received during the Bloomberg 2023 Fixed Income Index Advisory Councils, Bloomberg Index Services is launching a consultation to solicit feedback on the proposed inclusion of the India fully accessible route bonds in Bloom...

As a result, the Indian FAR bonds will be included in the EM Local Currency indices with an initial weight of 20% of their full market value in September. The weight of FAR bonds will then be increased in increments of 20% of their full market value...

Brent crude's slide of more than 20% from its September peak suggests inflation is set to slow even further in developing nations in coming months, which will provide another reason to buy their bonds. Emerging-market currencies are also poised to g...

The move comes barely two weeks after JP Morgan included India in its Global Government Bond Index-Emerging Markets (GBI-EM) global index suite starting June 2024.