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Swap rate lowest in nearly 3 years, raises April rate-cut hopes
Financial Express Chandigarh
|March 06, 2025
INVESTORS ARE POSITIONING for earlier rate cuts, driven by easing local inflation and concerns over economic growth.
India's one-year overnight index swap rate stood at 6.23% on Wednesday, its lowest level since August 2022. The rate has declined 28 basis points so far in 2025, now trading below the Reserve Bank of India's policy rate of 6.25%.
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