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Overnight Indexed Swap (OIS) Rates - RBI Context
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What is the Overnight Indexed Swap (OIS) Rate?
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A
The interest rate at which banks lend money to each other overnight
💡 Explanation:
The OIS rate is the interest rate at which banks lend money to each other overnight. It is a benchmark interest rate that is used to price a variety of financial instruments, including interest rate swaps, futures, and options.