Indian debt market participants have pushed their expectations for the start of rate cuts by at least two months following the hawkish tone of the latest monetary policy statement, as reflected in the overnight index swap (OIS) market, traders said. “From the swap market move, we can extrapolate that the chances of rate cuts have been pushed back further to at least the third quarter of next fiscal,” Alok Singh, group head of treasury at CSB Bank in Mumbai, said. Click here to follow our WhatsApp channel “Rate cut in India may happen only when the Fed starts to cut rates, and when there is some slowdown in the economy.” Last week, the Reserve Bank of India (RBI) kept its policy rate…
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Overnight index swap rates hint at late start to rate cuts: Traders | Finance News
