Answer-Indian overnight index swap (OIS) rates showed a 10 month high due to offshore paying and triggering...

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.

Question

Indian overnight index swap (OI

S 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.

A 6.99 percent

B 7.10 percent

C 7.25 percent

D 7.44 percent

E None of these

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