Curb Market

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Curb Market

The market for securities trading outside normal exchange hours. The curb market may affect the price of a security once the exchange re-opens. See also: Over-the-counter.
References in periodicals archive ?
The participants agreed that in the backdrop of stable outlook in the external account, the recent exchange rate fluctuations in the kerb market are not justified.
While the kerb market is still less closely regulated than banks, Pakistan's central bank last year required money lenders to limit the gap between the prices at which they buy and sell foreign currency to Rs0.
In the kerb market, it fell by 10 paisa and 5 paisa in buying and selling respectively.
In the kerb market also, the dollar gained 40 paisa or 0.
In the first week, the dollar fell in the inter-bank market but rose in the kerb market buying.
In the initial days, the rupee depreciated in the inter bank market by few paisa, whereas kerb market maintained relative stability.
In the first week, the rupee lost marginally in inter-bank market but remained unchanged in the kerb market.
SBP has directed the corporate bodies and legal entities that they should not obtain or generate foreign currency from the kerb market for depositing in their foreign currency accounts.
2001-02: The rupee gained strength during 2001-02 both in the inter-bank and kerb market because of 9/11 events.
5 per cent in the kerb market primarily due to the factors just mentioned.
On the other hand, the kerb market witnessed minor increase in the value of dollar.
The IMF StandbyArrangement calls for reducing the spread between interbank and kerb market to minimise temptation fordollarization and flight of capital.