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Stock impact report

India's swap rates hint at late start to rate cuts, traders say [Reuters]

ICICI Bank Limited (IBN) 
Company Research Source: Reuters
MUMBAI, Feb 13 (Reuters) - Indian debt market participants have pushed their expectations for the start of rate cuts by at least two months following the hawkish tone of the latest monetary policy statement, as reflected in the overnight index swap (OIS) market, traders said. "From the swap market move, we can extrapolate that the chances of rate cuts have been pushed back further to at least the third quarter of next fiscal," Alok Singh, group head of treasury at CSB Bank in Mumbai, said. Ad Break Coming Up NEXT Stay Next Off English 180p 288p 360p 480p 540p 576p 720p HD 1080p HD Auto (180p) About Connatix V428318 About Connatix V428318 Skip Ad Continue watching after the ad Visit Advertiser website GO TO PAGE "Rate cut in India may happen only when the Fed starts to cut rates, and when there is some slowdown in the economy." Last week, the Reserve Bank of India (RBI) kept its policy rate and stance unchanged for a sixth meet Show less Read more
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