Fixed Income And Currency Market

7 Sept 2019

5 year Swap Yields Plunge on Bets of RBI Removing Floor on Overnight Rates

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The release of weak GDP growth data for the1st quarter of fiscal 2019-20, where GDP growth came in at 5%, against full year growth forecasts of around 7%, increased markets expectations of rate cuts by the RBI in its October 2019 policy review.

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Arjun Parthasarathy
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