India’s Benchmark Guiding $1 Trillion in Swaps Faces Overhaul

BloombergTuesday, September 30, 2025 at 1:00:00 AM
India’s Benchmark Guiding $1 Trillion in Swaps Faces Overhaul
India is making significant changes to its benchmark funding market, which is crucial as it manages around $1 trillion in swaps. This overhaul reflects a broader global trend of moving away from the Libor system, indicating a shift in how banks influence daily borrowing costs. Such changes are important as they could enhance transparency and stability in the financial sector.
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