Question
What is
MIBOR?Solution
The Mumbai Inter-Bank Offer Rate (MIBOR) is the interest rate at which banks can borrow funds, in marketable size, from other banks in the Indian interbank market.Ā FBIL or Financial Benchmarks India Pvt. Ltd calculates and publishes the overnight and three days MIBOR rate in India on ātransactions rateā basis.
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