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 ?

It would also help in diversion of remittances back to official channels, which will reduce deficit among official, banking and open-market rates.

While the open-market rates have taken a record-breaking plunge, the official exchange still sits at 12,260 to the dollar.

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