The inclusion of India's bonds in the Bloomberg index led to huge dollar inflows

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Mumbai: If Indian government bonds are included in the main Bloomberg Bond Indices, DBS Bank has expressed an expectation that the country will see an inflow of foreign funds of $25 billion.

Any reported inclusion in the Bloomberg index could lower the Indian government's 10-year bond yield by 7 basis points and trigger inflows of $25 billion, a DBS report said.

It was also clarified that if the inclusion is postponed, the yield will not rise, as the bond market does not operate on assumptions.

Traders in the country are awaiting the inclusion of Indian bonds in the Bloomberg Global Aggregate and Emerging Markets Local Currency Indices. An announcement in this regard is expected by the end of the current month, bond market sources said.

Earlier, JP Morgan has announced to include India in its Emerging Market Debt Index from June 2024. Due to this, there is hope of inflows of 20 to 22 billion dollars in Indian bonds in the next year.

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