Interbank market

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Interbank market

Financial institutions exchange of currencies between and among themselves.

Interbank Market

The market for the trade of currencies, loans, and other financial instruments between banks. See also: Fed Funds.
References in periodicals archive ?
KARACHI -- The rupee strengthened against the dollar at Rs156.3/156.8 in the inter-bank market on Wednesday compared with Tuesday's close of Rs156.4/156.9, according to forex.pk.
The rupee strengthened against the dollar at Rs157.7/158.2 in the inter-bank market on Friday compared with Thursday's close of Rs158.35/158.85, according to forex.pk.
On Thursday, the rupee depreciated by Rs1.25 against the dollar for buying at Rs152.80 and it also dropped by Rs1.40 for selling at Rs153.00, at inter-bank market. As per reports, PKR has depreciated over 32.70 percent from Rs 118.37 in the last 12 months.
Karachi -- The Pakistani currency maintained its downturn for a seventh straight session, hitting a low of over Rs157 against the US dollar in the inter-bank market on Monday.
The Pakistani rupee took its seventh straight beating in as many sessions, hitting a brand new all time low of Rs 157 against the US dollar in the inter-bank market.
KARACHI -- The rupee weakened against the US dollar by 40 paisa and reduced to Rs149 in the inter-bank market at the start of trade on Monday as compared to Rs148.60 before Eid-ul-Fitr holidays, according to the central bank.
KARACHI -- The US dollar reached an unprecedented high of Rs152 in the open market on Monday, as the rupee maintained its downturn on the third successive working day, closing at a new all-time low of Rs149.65 in the inter-bank market on Monday, according to the State Bank of Pakistan (SBP).
However, the inter-bank market rate remained stable at Rs124.4 against the greenback, as per the central bank.
Till Friday the inter-bank market remained unchanged at Rs115.65 with dealers saying the State Bank kept a watchful eye.
'Collaterals in inter-bank market will lower banks risk-taking behavior and erase the class gap amongst banking institutions.
It is the first RMB interest rate swap transaction with overseas central bank since the open-up of the inter-bank market to overseas institutions and the first interest rate derivative transaction by a settlement agent representing overseas central bank in the inter-bank market, marking a new stage of the open-up of the RMB interest rate derivative market.
"This global standard documentation is developed to be used in the Islamic inter-bank market between financial institutions in order to manage their liquidity requirements," said IIFM chief executive Ijlal Ahmed Alvi.

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