LIC bond activity: LIC steps up bond hedging with $1 billion forward rate agreement deals; partners JPMorgan and BofA in market push

Life Insurance Corporation of India has significantly increased its presence in the bond derivatives market, engaging in $1 billion worth of forward rate agreements with global lenders like JPMorgan and Bank of America. These deals represent a substantial portion of the total FRA volumes since May, reflecting a growing interest among Indian institutions for hedging instruments.

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