Latest Breaking News On - Overnight index swap - Page 1 : comparemela.com

Given the declining trajectory of local inflation - particularly core inflation - it is unlikely that the Reserve Bank of India would turn to rate hikes after maintaining a status quo on rates for more than a year. What the rise in swap rates show more than anything else is heightened risk aversion and the damage done to rate cut expectations by the abrupt ratcheting up of tensions in the Middle East.

Dipanwita duttaAbhay gargPunjab national bankMiddle eastOvernight index swapReserve bankMumbai interbank outright rateOis climbMiddle east tensionsInterest rate riskBrent crude futuresGeopolitical scenarioReserve bank of india rbiPnb gilts