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 ?
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market.
On the interbank market, the rupee traded in minus against the dollar on Monday as it posted two-paisa loss and traded slightly lower at Rs110.
On the interbank market, the rupee retained its previous weekend levels for buying and selling and traded flat against the dollar at Rs110.
60 for buying and selling respectively in the interbank market.
Previously, slide in rupee had halted after SBP intervened at the interbank market asking banks to pump dollars which forced the domestic currency to move in a narrow band.
Industry sources have said that due to the prevailing conditions in the international and interbank market, there is a possibility of petrol's price being increased by Rs7 per litre.
50 in the interbank market, which is almost 5 per cent higher from Rs 105.
The Finance Division has officially asked the State Bank governor to initiate an inquiry into the sharp depreciation of rupee against the US dollar in the interbank market on July 5, 2017, and to send a report in this regard.
The PKR-US$ exchange rate in the interbank market deteriorated by 3.
Finance Division has officially asked the Governor, State Bank of Pakistan (SBP), to initiate an inquiry into the sharp deterioration of PKR-US$ exchange rate in the interbank market on 5th July 2017, and to send a report in this regard within a period of ten days.
1% against the US dollar, on the interbank market between May 1 and 22, 2017, against a depreciation
The reform proposes a new model for the banking system in which the Central Bank is no longer responsible for providing resources [bailouts] to the banks, which should borrow in the interbank market," he told the Persian-language journal Tazeha-ye Eqtesad, published by the Monetary and Banking Institute.