Interbank rate

(redirected from Inter Bank Rate)

Interbank rate

See: LIBOR

Interbank Rate

References in periodicals archive ?
He said before the fresh wave of volatility in exchange rate, the SBP governor had informed him that the KIBOR and inter bank rate of dollar against rupee was increasing, therefore the central bank would have to take decision of devaluing its currency.
Edinburgh-based BOS added it would allow small businesses to benefit "immediately" from any cut in interest rates and will ensure overdraft rates are linked to the base rate and not the more expensive Libor inter bank rate.
Another feature of the month was that at no date (given in the table below) the kerb rate was higher than the inter bank rate, a feature which is reminiscent of the post 9/11 scenario.
This is evident from the yawning gap between US dollar's open market rate and inter bank rate versus the rupee.
July 15 and 22) the kerb rate was lower than the inter bank rate, a characteristic reminiscent in the post 9/11 situation.
The three-month London inter bank rate (Libor) fell to 5.93% from 5.95%- it had risen past the 6% barrier for the first time since December late last month as the crisis gripping money markets showed no signs of easing.
per US$) Inter Bank Rate Kerb Rate Date Buying Selling Buying Selling 02.01.2001 60.33 60.37 62.92 62.97 12.03.2001 60.20 60.25 63.00 63.03 19.03.2001 60.52 60.57 63.30 63.35 26.03.2001 60.77 60.81 64.00 65.05 30.03.2001 60.86 60.90 64.10 64.15 Source: Business Recorder
But the main cause of the 3 rupees difference between Inter Bank Rates and the Market Rates.
Kasekende stated that the central Bank would increase the ban to for CBR to 4 points and try to keep the seven days inter Bank rates within the ban.