Question
The Mumbai Interbank Bid Rate (MIBID) is administered by
which among the following?Solution
MIBID is the rate of interest in which funds are borrowed by banks from the other banks. It is mainly the average rate of interest at which term deposits are offered between the prime banks in the money market of the country. It is always lower than the Mumbai Interbank Offer Rate. It was launched by the National Stock Exchange in 1998 and is determined by NSE.Â
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