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India IRS Review: Down on fall in MIBOR, expectation of deeper rate cuts

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India IRS Review

Down on fall in MIBOR, expectation of deeper rate cuts

This story was originally published at 18:53 IST on April 11, 2025  Back
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Overnight indexed swap rates ended lower Friday despite a rise in US Treasury yields as traders received fixed rates on expectations of a deeper rate-cutting cycle by the Reserve Bank of India's Monetary Policy Committee, dealers said. The fall in the overnight Mumbai Interbank Offered Rate also dragged down OIS rates, they said.

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