Global Bond Indexes

India's long wait to win inclusion in JPMorgan's influential emerging market local currency debt index was set to be pushed out into next year, Reuters reported earlier this year.

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), dashing market hopes that FTSE would announce its entrance into the index.

India has ruled out any changes to tax policies that will make it easier for the nations bonds to be included in global indexes, according to people familiar with the matter.

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.

The addition of Indian bonds to global indexes could fuel only short-term gains in rupee and bonds, with focus shifting to other factors after the announcement, DBS said.

Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.

India has the biggest bond market among emerging economies that's not covered by global indexes, but bankers say that may change soon, potentially drawing in billions of dollars in inflows. Russia's recent exclusion is one reason why.

India wants global bond index operators to consider the local settlement of its government securities if they are included in their indexes, a government official said on Thursday.

The government bond yields fell on Tuesday, as sentiment was supported by expectation of progress towards inclusion of bonds in global indices.

The yield on10-year government bond fell to its lowest in eight sessions as investors rushed in after media reports pointed to progress in the inclusion of local bonds in global indexes.

India is opposed to providing any capital gains tax waivers to overseas debt investors

For months, India prepared for a remarkable milestone: getting its bonds listed on global indexes. Inclusion was perceived as a crucial step change for the $1 trillion market.

Russia's Moscow Exchange spiked nearly 30% on Friday after slumping as much as 50% in the previous sessiononce trading resumed.

India plans some tax exemptions in its Budget due February, possibly the final step for the nations sovereign bonds to be included in global indexes, according to people familiar with the matter.

Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.

India's long wait to win inclusion in JPMorgan's influential emerging market local currency debt index was set to be pushed out into next year, Reuters reported earlier this year.

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), dashing market hopes that FTSE would announce its entrance into the index.

India has ruled out any changes to tax policies that will make it easier for the nations bonds to be included in global indexes, according to people familiar with the matter.

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.

The addition of Indian bonds to global indexes could fuel only short-term gains in rupee and bonds, with focus shifting to other factors after the announcement, DBS said.

Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.

India has the biggest bond market among emerging economies that's not covered by global indexes, but bankers say that may change soon, potentially drawing in billions of dollars in inflows. Russia's recent exclusion is one reason why.

India wants global bond index operators to consider the local settlement of its government securities if they are included in their indexes, a government official said on Thursday.

The government bond yields fell on Tuesday, as sentiment was supported by expectation of progress towards inclusion of bonds in global indices.

The yield on10-year government bond fell to its lowest in eight sessions as investors rushed in after media reports pointed to progress in the inclusion of local bonds in global indexes.

India is opposed to providing any capital gains tax waivers to overseas debt investors

For months, India prepared for a remarkable milestone: getting its bonds listed on global indexes. Inclusion was perceived as a crucial step change for the $1 trillion market.

Russia's Moscow Exchange spiked nearly 30% on Friday after slumping as much as 50% in the previous sessiononce trading resumed.

India plans some tax exemptions in its Budget due February, possibly the final step for the nations sovereign bonds to be included in global indexes, according to people familiar with the matter.

Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.