Overnight Indexed Swap (OIS) Rates - RBI Context

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What is the Overnight Indexed Swap (OIS) Rate?

  1. The interest rate at which banks lend money to each other overnight
  2. The interest rate at which the Reserve Bank of India (RBI) lends money to banks overnight
  3. The interest rate at which banks borrow money from the RBI overnight
  4. The interest rate at which the RBI lends money to the government overnight
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