Lehman unveils India index

Lehman Brothers has launched an Indian government bond index, created to measure the performance of the growing local currency bond market in India.

The index will consist of Indian rupee-denominated fixed-rate government debt.

In order to qualify for the index, a bond must be publicly issued by the Reserve Bank of India with a par amount of at least 10 billion Indian rupees (INR) and a maturity greater than one year.

At inception on October 1, the index included 73 bonds with a market value of

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