Question
Indian overnight index swap (OIS) rates showed a 10
month high due to offshore paying and triggering of stop losses, thus the swap rate hitting_______, the highest level since March.Solution
Indian overnight index swap (OIS) rates rose to their highest levels in 10 months due to offshore paying and triggering of stop losses.   The one-year swap rate hit 7.10 percent, the highest level since March, while the five-year swap rate rose to 6.85 percent in November 2022. Consequently, the yield on the benchmark 10-year government bond rose 4 basis points (bps) to settle at 7.25 percent, against 7.21 percent.
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