Interbank rate

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Interbank rate

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Interbank Rate

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
It will be set by calculating the average inter-bank rate nationwide, the CBE said in a statement Friday.
The rupee inter-bank rate against dollar went to Rs.141.40 on Monday to Rs.149 on Friday.
'Liquidity is quite low indicated by decline in average inter-bank rate and this will help to increase attractiveness of the bonds to banks,' Mugendi added.
'At least $20m are being deposited in the banks every day by people who buy dollars from open market at Rs122, deposit it in their accounts and encash at inter-bank rate of about Rs124 per dollar,' said Paracha.
KARACHI -- The open market continued to remain in the grip of panic buying as the currency weakened to as much as Rs119.5 against the US dollar, two days after the central bank held an 'emergency meeting' with dealers to keep the gap with the inter-bank rate as low as possible.
Panic buying pushed the US dollar as high as Rs118.5 in the open market on Monday, its highest level during intra-day trading, prompting the central bank to call an emergency meeting of currency dealers as gap with the inter-bank rate widened.
The inter-bank rate is the opportunity cost of precautionary reserves.
Deutsche Bank's (NYSE: DB) co-chief executive, Anshu Jain, could have 'knowingly made inaccurate statements' to Germany's Bundesbank during investigations into manipulation of the inter-bank rate setting process, media reports allege, quoting a financial regulator.
To counter the crisis, government adopted the system of multiple exchange rates consisting of an official rate (pegged to US dollar), a Floating Inter-Bank Rate (FIBR), and a composite rate (combining official and FIBR rates).
Inter-bank rate Before the latest spending kicked in, the inter-bank rate was rising.
Jenkins waived his bonus for 2012, a year in which Barclays was hit by fines for PPI mis-selling and attempts to rig the Libor inter-bank rate.
This has provided greater stability to the inter-bank market by reducing volatility of the inter-bank rate. Furthermore, introduction of QIBOR has enhanced transparency in interbank money transactions.

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