Interbank market


Also found in: Wikipedia.

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 ?
On the other hand, the Pakistani Rupee has appreciated by 66 paisa against the US dollar in the outgoing week and closed at Rs156.86 in the interbank market on Friday.
KARACHI -- The US dollar on Friday depreciated as the Pakistani rupee gained 73 paisa against the greenback in the interbank market and traded at Rs157.50.
The US dollar observed a loss of 3 paisa against the PKR bringing it overall worth to PKR160.55 in the interbank market on july 29.
KARACHI -- The interbank market today saw the United States Dollar decreased slightly in value against the Pakistani rupee.
KARACHI -- The US dollar gained Rs1.21 against the Pakistani rupee in the interbank market on Monday.
Earlier on Friday, the rupee lost its value by 30 paisa and closed at Rs158.79 against the greenback in the interbank market.
The value of the dollar on Friday considerably decreased in the open market as well as the interbank market by Rs2.50 and Rs4.20 respectively.
The US dollar rose by Rs1.10 in the interbank market to reach Rs154.
The minister said that some firms, which were big beneficiaries of forex allocations by the central bank, were now trying to derail the interbank market for their benefit.
SBI's 'Ecowrap' noted that even as there has been policy changes to liberalise capital inflows, merchant and interbank market foreign exchange turnover give interesting insights regarding demand-supply matrix of foreign exchange.
8 in the interbank market on Friday after which it reached at Rs.142.
A recent study by the Money and Banking Research Institute found that regulating the money market through the interbank market is a preferred method for the CBI to monitor the liquidity flow in the economy.