Open-market rates

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Open-market rates

Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Open-Market Rates

Interest rates determined by the prevailing supply and demand for money rather than according to some benchmark, such as LIBOR, or by some government organization, such as the Federal Reserve.
References in periodicals archive ?
One of the important tasks that require urgent attention of the finance ministry's top three is to take into account currency fluctuation due to which there is over Rs2 difference between the inter-bank and open market rates.
Obviously, the open market rates also shot up to unmanageable heights widening the gap between these and interbank rates, at one point around Rs2 per US dollar.
The currency adjustment would help shift foreign currency holdings from commercial banks currently standing at a higher level of around $6 billion back to official reserves and help divert remittances to official channels with declining gap among the official, banking and open market rates.
But the CBI goal has long been to bring the official and open market rates closer together.
However, farmers of lower Sindh expressed some reservations over fixed rates as compare to open market rates about Rs.
He said that the best quality grocery, food, garments, fresh fruits, vegetables, wood furniture and other household items are available at comparatively less than open market rates at all the CSDs.
According to Khemka, the seeds could not be sold as there was no demand for wheat seed varieties DBW- 17 and PBW- 550 in the market as the prices were higher than the open market rates and the seed varieties were old.
The official rate refers to the Central Bank of Iran's foreign exchange rate and the unofficial rate refers to the open market rates found at exchange bureaus and currency traders.
Against the Rs 130 per kg wholesale price of dal moong, the official rates fixed by the government stand at Rs 105 per kg, which is less than Rs 25 per kg as compared to open market rates.
The theatre has secured funding which is allowing it to rent space at "cultural" rates rather than commercial open market rates.
If banks reduced their loans, loan rates would rise relative to open market rates.