Answer-What is MIBOR?

Q: Answer-What is MIBOR?

MIBOR Mumbai Interbank Offer Rate is the rate at which banks borrow unsecured funds from one another in the interbank market. National Stock Exchange NSE launched the Mumbai Interbank Offer Rate MIBOR and Mumbai Interbank Bid Rate MIBID in June, 1998. The NSE developed a benchmark rate for the term money market, like the 14-day, 1-month and 3-month MIBOR. The same was later named as FIMMDA-NSE MIBIDMIBOR rate in due course. The rate is representative of 30 banks and primary dealers.

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Question

What is MIBOR?

A 1) Mobile Interface Banking Operations and Regulation Correct Incorrect

B 2) Money Interface Banking Optimisation Ratio Correct Incorrect

C 3) Mumbai Index for Banking Organisations and Repayment Correct Incorrect

D 4) Mumbai Interbank Offer Rate Correct Incorrect

E 5) None of these Correct Incorrect

Detailed Solution

MIBOR (Mumbai Interbank Offer Rate) is the rate at which banks borrow unsecured funds from one another in the interbank market. National Stock Exchange (NSE) launched the Mumbai Interbank Offer Rate (MIBOR) and Mumbai Interbank Bid Rate (MIBID) in June, 1998. The NSE developed a benchmark rate for the term money market, like the 14-day, 1-month and 3-month MIBOR. The same was later named as FIMMDA-NSE MIBID/MIBOR rate in due course. The rate is representative of 30 banks and primary dealers.

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What is MIBOR?

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