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Interest Rate Derivatives


An interest rate derivative is an instrument where the underlying asset is the right to pay or receive an (usually notional) amount of money at a given interest rate. In other words, interest rate derivatives are financial instruments based on an underlying financial security whose value is affected by interes rate changes. These products are used by a variety of participants in order to hedge their exposures against adverse interest rate movements. Such instruments are also used for speculation purposes, which broadly serve as an indicator for interest rate expectations. In India, the interest rate derivatives segment is at a growing stage. As of now, the interest rate derivatives permitted by regulatory guidelines in India include

 

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As per our estimates
As per our estimates, CPI for the month of October stood at 3.58% as opposed to 3.28% in September mainly on account of a significant rise in Food and Fuel prices. Core CPI in the current reading saw some moderation, standing at 4.55% compared to 4.61% last month.
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Standing 100 bps
Standing 100 bps higher, WPI came in at 3.59% in October compared to 2.60% in the previous month.
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Industrial production
Industrial production as measured by IIP grew at 3.8% in Oct-17, moderating from 4.5% growth observed in Sep-17, largely led by a surprising momentum in the Mining sector.
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