top of page
Hero.png

INR NON-DELIVERABLE OVERNIGHT INDEX SWAPS (NDOIS)

[OVERVIEW]

INR Non-Deliverable Overnight Index Swaps (NDOIS) are cash-settled interest-rate swaps referencing the INR overnight benchmark and traded offshore.

 Key Institutional Use Cases 

  • Hedging interest-rate exposure on INR bonds

  • Managing funding and carry risk

  • Relative-value strategies versus onshore Overnight Index Swap (OIS) markets

 How Crest Adds Value 

  • Facilitation of offshore INR rate liquidity

  • Support in curve execution and roll management

  • Insight into offshore–onshore rate differentials

 Why It Matters

NDOIS form the core offshore curve for pricing INR interest-rate risk and expressing views on RBI monetary policy expectations.

bottom of page