Outright rate

Outright rate

Actual forward rate expressed in dollars per currency_unit, or vice versa.

Outright Rate

The exchange rate on an outright forward. An outright forward is a forward contract in which a party agrees to buy a currency from another party at some definite point in the future at a given exchange rate. This exchange rate is an outright rate.
References in periodicals archive ?
The Turkish central bank had for months been struggling to defend the lira by burning through its currency reserves and trying to squeeze up borrowing costs on the margins without resorting to outright rate hikes.
In one of the world's most unorthodox policy mixes, the bank had been battling to support the weak lira with foreign exchange auctions, liquidity adjustments and verbal intervention while avoiding outright rate hikes.
Investors will be looking for more resolute steps from the RBI, such as an outright rate hike that will increase the yield appeal of the rupee.
9% in June) should open room for outright rate cuts pretty soon (no strong view whether first cut will be in August or September, but either is very likely).
Going ahead, Poddar of Goldman Sachs expects " a higher than consensus 300 bps of effective policy rate increases in 2010, with 150 bp coming from outright rate hikes, and 150 bps from moving rates gradually from the reverse repo to the repo window.
They are pushing for increased end-user charges, whether in the form of subscriber line charge increases, line item fees or outright rate increases.
As was the case in 1987, the last time the Fed moved from an inflation-bias to an outright rate cut in an effort to restore confidence, the Fed will find itself again reversing course as the dominant economic concern returns to inflation," Fosler notes.