Overnight swap rates hint rate cut hopes ruled out
Overnight indexed swap (OIS) rates in India have shown that derivatives markets have generally relinquished expectations of rate cuts in 2024 as the central bank continues to focus on bringing inflation down to its target of 4%. The OIS market has moved towards pricing out all rate cuts in aggregate, with the hope of nominal […]
RBI to revisit LCR framework in bid to shield banks from run
The central bank will issue a draft circular in this regard for comments of all stakeholders. Under the liquidity coverage ratio (LCR) introduced post the global financial crisis, banks are currently required to maintain a stock of high quality liquid assets (HQLA) to cover the expected net cash outflows in the next 30 calendar days.