Question

What is MIBOR?

A Mumbai international bank offered rate Correct Answer Incorrect Answer
B Mumbai interbank offered rate Correct Answer Incorrect Answer
C Mumbai interest offered rate Correct Answer Incorrect Answer
D Major Indian Banks offered rate Correct Answer Incorrect Answer

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.  FBIL or Financial Benchmarks India Pvt. Ltd calculates and publishes the overnight and three days MIBOR rate in India on “transactions rate” basis.

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