Curb Market

(redirected from kerb market)
Also found in: Dictionary, Thesaurus.

Curb Market

The market for securities trading outside normal exchange hours. The curb market may affect the price of a security once the exchange re-opens. See also: Over-the-counter.
References in periodicals archive ?
In the final week, the dollar fell by 2 paisa in the inter-bank market and remained stable in the kerb market.
The rupee assumed downward trend in the interbank and kerb markets versus the dollar last week.
During the fourth week, the rupee appreciated faster in kerb market compared to inter-bank market because of the factors mentioned earlier.
Another factor for the levelling out of official and kerb market exchange rates was that the State Bank stopped dollar buying from money changers from July at the instance of IMF.
The third week saw rising rupee both in the inter bank and kerb markets.
Many factors contributed to the sharp acceleration in the inflow of remittances which include improvements in economic fundamentals, confidence of expatriate Pakistanis on the economic management of the country, crackdown on hundi/hawala system in the Middle East and other parts of the world, virtual elimination of premium between the inter-bank and kerb market exchange rates.
3 billion mostly raised through purchases from the inter bank and kerb market ($4 billion) and partly higher inflow of workers remittances.
In the meantime, the difference between kerb market and interbank exchange rates was eliminated which encouraged overseas Pakistanis to send their remittances through the official banking channel instead of hundi or hawala.
Any skirmish, let alone war, with India is likely to put pressure on rupee as there is likely to be rush for dollar in the kerb market in the event of stock market slide resulting from crash in confidence.
In the second and third week, the rupee lost value in the inter-bank and kerb markets but gained in the last week, because of continued inflow of dollar.
This coupled with lower demand of dollar due to slack in imports helped the rupee gain strength towards the end of the month both in the inter-bank and kerb markets.