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 ?
Similarly, Pakistani exporters can accept payments in RMB from Chinese importers and then exchange the cash into PKR at a high open-market rate, which will increase their returns in PKR terms.
The open-market rate is Rs1.50 to Rs2 per dollar higher than the banking rate.
The central bank said markets expected higher borrowing costs and that open-market rate increases don't necessarily equate to interest-rate hikes.
It would also help in diversion of remittances back to official channels, which will reduce deficit among official, banking and open-market rates.