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Business Standard

Swap rates in India surge as traders see Reserve Bank turning hawkish

The five-year onshore overnight indexed swap, a tool to trade rate expectations, has advanced 31 basis points in October

Topics
Reserve Bank of India | RBI monetary policy | Economic stimulus

Subhadip Sircar | Bloomberg 



RBI ( Bloomberg)
Traders globally are betting that central banks will have to hike rates faster than projected as pandemic-era inflation become entrenched ( Photo: Bloomberg)

Swap rates are rising in India in a sign that traders expect the central bank to roll back monetary stimulus quicker than expected despite its reassurances.

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First Published: Wed, October 27 2021. 11:00 IST

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