Curve Convergence: Mapping India’s Unified ...

Curve Convergence: Mapping India’s Unified Interest-Rate and Benchmark Ecosystem through Market Microstructure Analysis

Author Name : Jashwanth V, Valencia Angeline A, Vaidehi Sanjay Khandade, Shreya Bose, Dr. Ravi Veeraraghavan

ABSTRACT This study provides a pioneering microstructure framework to the financial benchmark ecosystem for the evolution of India, bridging beyond traditional convergence analysis to investigate benchmark stability, stress conditional transmission dynamics and regulatory fragmentation effects. Employing proprietary daily data from Financial Benchmarks India Pvt.