India's 1-5-year OIS spread drops to lowest in 29 months
Updated: 02 Aug 2022, 11:20 AM IST
TL;DR.The one-year swap rate was trading at 6.10%, while the five-year swap rate has fallen more to 6.24%, with the spread dropping to 14 basis points (bps), which is lowest since March 2020.
FILE PHOTO: A man speaks on his mobile phone past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas