Indian Bond Market

Each September, the bond market awaits the announcement of India's inclusion in global bond indices.

Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee.

Welcoming JPMorgan's decision to include India in its widely-tracked emerging market debt index, the government said it shows confidence in the Indian economy, its potential and growth prospects, and its economic policies.

JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday.

JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index, a keenly awaited event that could drive billions of foreign inflows to the nation's debt market.

Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani's conglomerate since it was targeted by a short seller in January.

The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.

Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds.

"The worst part of dollar strength globally is behind us, which means that currencies should not be unduly stressed against the dollar," said Rajeev Mohan, president and head - treasury & global markets at Kotak Mahindra Bank.

Stock Market India: Equity benchmarks surged on Wednesday, reflecting improved risk sentiment as global stocks and bonds rose.

The Indian government bond yield curve could invert, with the benchmark 10-year bond yield easing below those of shorter tenor securities, the treasury head of private lender Axis Bank said today.

Indian government bond yields traded marginally lower on Monday, as investors continue to add positions, while the strengthening of local currency further aided risk sentiment.

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a sell-off.

Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks.

The Indian central bank's window for foreign investors to buy commercial papers and shorter tenor corporate bonds closed without much interest, analysts said.

Each September, the bond market awaits the announcement of India's inclusion in global bond indices.

Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee.

Welcoming JPMorgan's decision to include India in its widely-tracked emerging market debt index, the government said it shows confidence in the Indian economy, its potential and growth prospects, and its economic policies.

JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday.

JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index, a keenly awaited event that could drive billions of foreign inflows to the nation's debt market.

Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani's conglomerate since it was targeted by a short seller in January.

The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.

Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds.

"The worst part of dollar strength globally is behind us, which means that currencies should not be unduly stressed against the dollar," said Rajeev Mohan, president and head - treasury & global markets at Kotak Mahindra Bank.

Stock Market India: Equity benchmarks surged on Wednesday, reflecting improved risk sentiment as global stocks and bonds rose.

The Indian government bond yield curve could invert, with the benchmark 10-year bond yield easing below those of shorter tenor securities, the treasury head of private lender Axis Bank said today.

Indian government bond yields traded marginally lower on Monday, as investors continue to add positions, while the strengthening of local currency further aided risk sentiment.

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a sell-off.

Indian corporate bond market participants are braced for a heavy supply of government-guaranteed bonds over the next few weeks.

The Indian central bank's window for foreign investors to buy commercial papers and shorter tenor corporate bonds closed without much interest, analysts said.