Bloomberg announces the inclusion of Indian government bonds in its Emerging Market (EM) Local Currency Government Index, starting January 31, 2025. The bonds will initially hold a 10% weight, increasing monthly until reaching full market value by October 2025. This move is expected to attract $2-3 billion in foreign fund inflows. India’s inclusion will elevate it to the third-largest market after China and South Korea within the index. Bloomberg plans to introduce an ex-India version of the index and other variations.
Bloomberg to Include Indian Government Bonds in EM Local Currency Government Index
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