Open-market rates

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Open-market rates

Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Open-Market Rates

Interest rates determined by the prevailing supply and demand for money rather than according to some benchmark, such as LIBOR, or by some government organization, such as the Federal Reserve.
References in periodicals archive ?
The semi-official Fars news agency said Wednesday's devaluation by the Central Bank was aimed at introducing a single exchange rate, rather than one official rate and one open market rate.
They key to affordability is in setting the rent on the remaining portion of the property at a lower than open market rate.
Our smaller Steamboat 1A geothermal plant underwent a rate changeover in the fourth quarter, from a higher fixed rate to an open market rate during the low winter rate period, which was the predominate reason for a fourth quarter shortfall.
But person's receiving remittances will be allowed to retain only 50 per cent of proceeds at the open market rate, with the other half being converted at the lower official rate.
Iran currently has two exchange rates--the official rate set daily by the government that does not move very much and is currently 28,250 rials to the dollar, and the open market rate, which shifts hourly and is currently around 33,000 rials to the dollar.
At present, the collector rates of provinces are not at par with the open market rate," he said, and suggested the provinces to revisit the existing rates.
Retail businesses pay the open market rate for their goods from which they calculate the mark-up for resale to the public.
In addition to raising duties, Iran has banned steel importers from buying foreign currency at the official exchange rate, which is about 20 percent below the open market rate.
On the special direction of Chaudhry Pervez Elahi, it was decided in the meeting that henceforth 20 kg bag of wheat flour would be sold at Rs 20 less than the open market rate, cooking oil and ghee would be sold Rs.
A vendor in lake view park, Abid Hussain said that it is difficult for them to sell the items at the open market rate as they have to pay heavy rent of stalls and kiosks.
That converts to about $43 billion at the current open market rate.