As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more
MUMBAI – Bloomberg Index Services has proposed to include Indian bonds under the fully accessible route (FAR) in its emerging market local currency index. This comes four months after JPMorgan said it would include India bonds in its Global Bond Index – Emerging Markets, starting June this year. “Under the proposal, inclusion of India FAR … Read more
Indian sovereign bonds, coming off the best annual performance in three years, are poised for further gains on expectations that their upcoming inclusion in a global bond index will lure big foreign inflows. The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years. It’s expected to slide by more … Read more
