RATE SWAPS SIGNAL RBI HIKES ENDING

摘要

India is almost clone raising borrowing costs after the most aggressive increases among the world's biggest emerging economies, interest-rate swaps show. The amount money managers must pay to lock in borrowing costs for a year dropped to 42 basis points, or 0.42 percentage point, over the central bank's benchmark rate of 7.5% on June 20, the lowest since November 9, according to data compiled by Bloomberg. Similar spreads are 28 in Brazil and 51 in China.