As a result, the Indian FAR bonds will be included in the EM Local Currency indices with an initial weight of 20% of their full market value in September. The weight of FAR bonds will then be increased in increments of 20% of their full market value every month over the 5-month period ending in January 2025, when they will be weighted at their full market value (100%) in the indices, Bloomberg said.
Toll mopup may top Rs 70,000 cr in 2024
India’s toll collection in 2024 may exceed ₹70,000 crore as daily collections grow due to new toll plazas and increased economic activity. With 164 toll