India Joins Global Bond Index

India government bonds or government securities are set for inclusion in the global bond index from today.

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 country's failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.

Talks with Euroclear got a boost after the International Finance Corporation, the World Bank's private-sector arm, issued the first tranche of a $1 billion global offering of rupee-linked bonds last year that would be accessible via Euroclear.

India government bonds or government securities are set for inclusion in the global bond index from today.

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 country's failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.

Talks with Euroclear got a boost after the International Finance Corporation, the World Bank's private-sector arm, issued the first tranche of a $1 billion global offering of rupee-linked bonds last year that would be accessible via Euroclear.