Bloomberg Defers Indian Bonds Inclusion in Global Index, Impacting Markets
Bloomberg Index Services has deferred the inclusion of Indian bonds in its Global Aggregate Index, causing a rise in bond yields and a slight depreciation of the Indian rupee. The Reserve Bank of India intervened to stabilize the currency, conducting a significant swap auction.
Insights:
Bloomberg Index Services announced on January 13, 2026, that it is deferring the inclusion of Indian bonds in its Global Aggregate Index, a move that has sent immediate ripples through the financial markets of India 
IN. The decision triggered a 6 basis point increase in the 10-year benchmark bond yield, which rose to 6.63%, reflecting heightened investor caution. Concurrently, the Indian rupee depreciated by 0.1%, settling at 90.25 per dollar as of 11:00 a.m. IST.
IN. The decision triggered a 6 basis point increase in the 10-year benchmark bond yield, which rose to 6.63%, reflecting heightened investor caution. Concurrently, the Indian rupee depreciated by 0.1%, settling at 90.25 per dollar as of 11:00 a.m. IST.
