Process for Inclusion of Indian Bonds in Global Index Delayed
Investors are disappointed as the inclusion of Indian government bonds in global indices has been postponed. The benchmark bond yield could reach 6.90% on Monday.
Translated from the Hindi original · translation AI-generated
The process for the inclusion of India's government bonds in the global index has been postponed, causing disappointment among investors. On Friday, the benchmark yield for the bonds closed at 6.8343%, and it is now expected to reach 6.90% by Monday. The yield has increased by 12 basis points over the past three weeks. Bloomberg Index Services halted the process of including Indian bonds in its Global Aggregate Index on Friday, while investors had hoped that recent tax changes would lead to their inclusion.