Reuters logo
MARKET EYE-India OIS rates surge to highest in nearly 3-mths after CPI
August 13, 2014 / 11:03 AM / 3 years ago

MARKET EYE-India OIS rates surge to highest in nearly 3-mths after CPI

* India’s five-year OIS rate rises to as high as 8.18 percent, its highest since May 23, before retreating to 8.13 percent. * The one-year rate hits 8.52 percent, its highest since May 16; last at 8.48 percent. * The two had closed at 8.14 percent and 8.50 percent respectively on Tuesday. * Data on Tuesday showing consumer inflation at a two-month high reduces expectations for rate cuts this fiscal year. * But some receiving seen on talk of a possible debt auction cancellation due to high government cash balances and a rally in government bonds. (swati.bhat@thomsonreuters.com/; swati.bhat.thomsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below