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Overnight index swap rates spike in March

Financial Express Kochi

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March 11, 2026

NBFC growth may ease as gold loan boom untenable: ICRA

- CHRISTINA TITUS

THE OVERNIGHT INDEX swap (OIS) rates have sharply risen in March owing to the West Asia conflict. The one-year OIS has risen 24 bps to 5.72% while and five-year OIS has jumped by 28 bps to 6.27%.

OIS is used by companies and banks to hedge against any sudden volatility in short-term rates. It also signals expected interest rate shifts.

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