HDFC executes a rare trade to hedge rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation. The central bank said last week that it will do “whatever it takes” to bring down price pressures, though some traders had expected it to tone down its hawkishness.

from Banking/Finance-Industry-Economic Times https://ift.tt/li32zMS