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.

    A 6.99 percent Correct Answer Incorrect Answer
    B 7.10 percent Correct Answer Incorrect Answer
    C 7.25 percent Correct Answer Incorrect Answer
    D 7.44 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.

    Practice Next