to 5 years Bid/ask spread: 0.3 - 0.6 vols for tenors less than 1Y, 0.6 - 2.0 vol for tenors more than lY Avg. daily vol: USD 500mn Ref. source: INVOLFIX (Reuters FEDAI Daily Vol Fixing) and INR CURNCY OVDV (Bloomberg INR Options curve). Fixing time is 11.30am Mumbai time. Onshore CCS Regulatory: R