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Demand for Indian bonds skyrockets in recent months livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Indian brokerage firm Zerodha is implementing a bold initiative aimed at fostering greater participation in government bonds (G-Secs), treasury bills (T-Bills), and state development loans (SDLs). Effective March 1, 2024, Zerodha will waive the 0.06% brokerage fee on these investment options. ....
"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. ....
After an extremely stable 2023, the Indian rupee started 2024 on a promising note and has turned out to be the best-performing Asian currency so far in January, appreciating 0.1 per cent despite 2 per cent rise in the dollar index.
All other Asian currencies depreciated by around 1.4-4 per cent during the month.
The local currency regained its ground against the greenback on the back of foreign portfolio inflows, said market participants. ....