India not keen to add debt securities to global indexes, TD says
时间:2024-06-26 06:30:53 阅读(143)
India is not keen to add its bonds to global indexes due to their concerns over ensuing market volatility, even as the gauge providers look at including the debt, according to TD Securities. “The message that we received was loud and clear; officials and even domestic funds were content with the status quo,” Mitul Kotecha, head of emerging markets strategy at TD, wrote in a note, citing his meetings, including those with officials of the finance ministry and market participants. “However, this doesn’t rule out inclusion as index providers appear keen to include India, and we still may see some progress this year.”
The note is in line with comments from Ajay Seth, Department of Economic Affairs Secretary at the nation’s finance ministry, who recently said it isn’t the “right time” to look at inclusion given the global situation. The rupee was the worst-performing currency among emerging Asian peers last year, weighed by a stronger dollar and outflows from local assets.
There’s a global tide in favor of Asia’s emerging market assets, with Goldman Sachs Group Inc to HSBC Holdings Plc bullish on the region. Expectations are also rising for South Korea’s inclusion in global gauges, with the country’s finance officials meeting representatives from FTSE Russell.
上一篇:Sensex, Nifty gearing up to breach all-time highs; Charts signal support for these stocks
下一篇:Your water bottle carries millions of nanoplastics every day, study finds
猜你喜欢
- Sensex recoups early losses to end flat, Nifty holds 17000; Volatility to continue on hawkish US Fed
- Bank of Baroda share price up 40% YTD; analysts bullish as Q1 profit jumps 79%, see up to 29% more jump
- Sensex surges 1100 pts, Nifty surpasses 17970 as investors cheer 2023 Budget; Bank Nifty jumps 3%, Gold gains
- Over half of IPO-bound startups still in the red; Only 4 of the 12 firms currently profitable
- Petrol and diesel price July 14- Fuel rates unchanged; Check prices in Delhi, Mumbai, other cities here
- Auto stocks trade mixed as GST Council hikes cess on MUVs to 22%; Tata Motors tanks, Ashok Leyland soars 4%
- Sensex, Nifty eke out gains for 6th day, register longest winning streak in 4 months
- Sensex settles at fresh life-time high; Nifty ekes out marginal gains