The possible inclusion of Indian treasuries to Bloomberg s Emerging Market Local Currency Index could potentially trigger active and passive foreign inflows worth $15billion -20 billion over FY25.
"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."
An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said.
CHICAGO, Feb. 6, 2024 /PRNewswire/ CME Group, the world s leading derivatives marketplace, today announced that its interest rate complex will expand in summer 2024 with the launch of U.S..
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