Bloomberg News & State Bank of India

Bloomberg News: Bloomberg News published reports, based on Bloomberg Economics analysis, suggesting the State Bank of India sold gold, which the State Bank of India has since debunked.

State Bank of India: The State Bank of India is the central entity in this event, clarifying that it has not sold any gold and its physical stock remains unchanged, directly addressing media speculation.

Bloomberg News: As the index provider, BISL controls the inclusion decision. Its deferral reflects cautious optimism, acknowledging progress but requiring more operational evidence.

State Bank of India: The RBI's expansion of the Fully Accessible Route and eased investment norms are part of the reforms recognized by BISL, supporting India's case for inclusion.

Bloomberg News: Bloomberg's sovereign bond index is mentioned as a major global bond index that India aims for inclusion in, which would be strengthened by the FPI inflows.

State Bank of India: The State Bank of India expanded the universe of securities available under the Fully Accessible Route (FAR) and removed investment limits, complementing the government's tax exemptions to attract foreign capital.

Bloomberg News: Bloomberg News is in the process of linking to the NDS-OM platform, which could facilitate foreign investor access to Indian government securities, similar to MarketAxess.

Bloomberg News: Bloomberg News conducted a poll of economists, 44 of whom projected a quarter-point cut by the State Bank of India.