Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Indian Swaps Near November’s Low as Inflation Least in 8 Months

India’s interest-rate swaps were near their lowest level this month on speculation slowing inflation and economic growth will prompt the central bank to cut interest rates.

The wholesale-price index rose 7.45 percent in October from a year earlier, the least since February, the Commerce Ministry reported last week. Industrial output dropped 0.4 percent in September after a revised 2.3 percent gain in August, according to the Central Statistical Office.

“Swaps are reflecting expectations of a cut in interest rates,” said Debendra Kumar Dash, a fixed-income trader at Development Credit Bank Ltd. in Mumbai. “The deceleration in inflation and drop in economic activity should spur some monetary easing in January.”

The fixed payment to lock in one-year borrowing costs was at 7.75 percent in Mumbai, according to data compiled by Bloomberg. The rate touched 7.72 percent on Nov. 15, the lowest level since Oct. 30.

The yield on the benchmark 8.15 percent government bonds due June 2022 was little changed at 8.19 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.